A Gatlinburg, Tenn., couple was sentenced for subscribing to false tax returns that resulted in a $550,649.13 tax loss. Kevin Matthew Flannery, 65, received 24 months in prison. Margaret Anne Flannery, 63, received three years of probation and one year of home confinement.
Kevin Flannery pleaded guilty to one count of subscribing a false tax return for M.K.M.K. Associates Inc., doing business as Southland Car and Jeep Rental, for tax year 2003. Margaret Flannery pleaded guilty to one count of subscribing a false tax return for X.M.K.M. Enterprises Inc., doing business as Famous Fries, for tax year 2002. The Flannerys skimmed cash from both companies, not providing accountants with the true gross receipts and underreporting taxable income.
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