Update: Snipes Bailed for $1 Million

In the latest installment of “Tax Blade”© , Wesley Snipes has been bailed from court on a $1 million bond. Snipes had nothing to say in court.

He’s being allowed back to Africa, but must return by January 10th and surrender his passport.

Snipes was charged in October with fraudulently claiming refunds totaling nearly $12 million in 1996 and 1997 on income taxes already paid.