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Al Capone — Part 32

80 pages · May 08, 2026 · Broad topic: Organized Crime · Topic: Al Capone · 79 pages OCR'd
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. rs et i rete bebe: i orn wom TOW eet robe. ‘ oe Lees for the years 1924 te 197, W@lslve. An announcement was made here yesterday that special attorneys for the treasury department and counsel for the formet oeer crar have pgreed to stipulations reducing the tax oe a ge ee bo an) ye , yo i we U.S, TAX DEBT -=10 $220, $80 Al Capone bas “ggreed “with the celed, claimed by the government “from $522,042 to $220,980. | aa Co Mee A public hearing on Capone's appeal | L, from the government tevy wet for ¢e- i morrow before Judge J. Russell Leech sence of the board of tax appeals Was can- Instead Judge Leech will return United States government that he] som Washington Monday, owes-#270,780 in disputed Income eee judgments be entered against Capone and three other gangsters who agreed to stipulation reductions last week. By entering the stipulation agree- ments, Capone, through his attorney, Michael Ahern, admits only that he owes @ certain amount of money tn taxes. Collection of this judgment must be made by Collector of Internal Revenue Carter Harrison, It was conceded by government of- ficials that collection of the entire Judgment might prove dificult, be- cause gangsters rarely have visibie fausets. There are Liens against Ca- e's equity in his home at Miam!, per Tis tale, it is said, would wipes — out only a smdi-pEereet his indebted- ness, Agents of the investigating unit of the internal revenue depart- ment must ferret out his other assets, the offclala said. The civil tax case againet Capone has been investigated gince December by Eiden McFarland, special attorney for the treasury department, and his assistants, John E. Marshall and Bor- nard E. Daniela. They bad gone to great lengths, obtaining depositions from 21 peraons in Florida, impounding the books of former Capone gambling houses and other illega) interests, and subpena- ing numercug-haniugierks. It was e government will then ask tha believed that Capone’s counsel agreh to the stipulation to avoid, not ony. the expense of a lengthy hearing, 6 further revelations af the former lord’s many Dlege! activities. The stipulation fired Capone’s net income for the six years at $703,496, and the amount of taxes and penal- tes at $220,980. Capone is tn Alcax tras prison, serving an 11 year sen- tence for violation of the income t laws, Last week stipulations reduc! thelr total tax claims from $2.261,695 to $529,062 were agreed to by Ralph Capone, Jack Guelk, and James \ Mondi. , 1 : . ‘ soa H severe teen th ewes nie eration
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