Business Owner Kept Payroll Taxes
A Missouri man was charged with failing to pay employment taxes after he had collected them from his employees.
Paul Scott King Jr. was an officer of two corporations, Nurses Now LLC and Ichor Health Services. According to the indictment, King deducted and collected from the total taxable wages of the corporations’ employees income taxes and did not pay them to the IRS. The amounts owing, according to the indictment, is $127,302 for Nurses Now LLC and $5,017 for Ichor Health Services, Inc.
“A substantial portion of the total tax gap, the difference between what is owed and what is paid, is believed to involve employee withholdings,” stated James D. Vickery, Special Agent in Charge of IRS Criminal Investigation. “Criminal Investigation continues to support IRS efforts to enhance employment tax compliance.”
If convicted, King faces up to five years in prison for each count.
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Tags: irs problems, payroll tax fraud, Payroll Taxes
