Back Taxes Owed by Minnesota Businessman Facing 5 Years in Prison Amount to Over $332k

Failing to file a federal tax return does not mean that your taxes owed simply go away.  These taxes turn into back taxes and when the IRS figures it out, you will be facing BIG trouble including fines and prison time.  If you owe the IRS back taxes, Tax Resolution Services can help settle your tax debt, even if you can’t afford to pay the back taxes that you owe.  A Certified Tax Resolution Specialist will review your tax settlement options with you and help you find the best plan to settle your back taxes.  Ignore your back taxes and face prison time, like this man from Minnesota, or choose to settle your back tax debt today!   

A federal trial jury in St. Paul, Minn., convicted a 53-year-old Minneapolis man of evading payment of at least $332,162 in federal income taxes owed for tax years 2002 to 2005.

Steven Mark Renner was found guilty of four counts of tax evasion. According to court records, Renner diverted substantial funds from his business, Cash Cards International, between 2002 and 2005 to pay his personal living expenses as well as to make personal investments in coins, oil wells, art, stamps and vintage musical instruments. Renner also used CCI funds to promote his musical band, Stevie Renner and the Renegades.

From 2001 to 2006, Renner owned CCI, an Internet-based stored-value card and money-transmission business, with locations in Minnesota, South Dakota and Hawaii. Although he was legally obligated to file federal income tax returns and pay all federal taxes owed, he failed to file his income tax returns for tax years 2002 to 2004 until March 5, 2006, the date on which he also filed his 2005 federal income tax return. Moreover, he failed to pay the $332,162 in taxes due and owing for those years.

 “Honest, hardworking taxpayers pay the price when others choose to evade their tax obligations,” said Julio La Rosa, Acting Special Agent in Charge of the IRS-Criminal Investigation Division’s St. Paul Field Office, in a statement.

Renner faces up to five years in prison.

There are many options for settling back taxes and a tax professional from Tax Resolution Services can guide you to the option that works best for you.  Tax Resolution Services is comprised of a team of tax attorneys and IRS specialists who are dedicated to helping people resolve their tax debt.  A free tax consultation is available by filling out the online tax consultation form or calling Tax Resolution Services at 1-866-IRS-PROBLEMS.

More Tax Help, IRS News and Tax Relief Tips:

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  3. Tax Scams are Not the Way to Resolve Tax Problems or Back Taxes as Witnessed by an Attorney Who Was Involved in a Tax Evasion Scam and Anti-IRS Promotion and Now Faces His Day in Court
  4. Tax Debt is Scary But Evading Taxes is Scarier: Man Gets Prison Sentence for Not Reporting $500K
  5. Back Taxes Aren’t Your Only Problem When Concealing Income from the IRS

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