FedEx Pilot Pleads Guilty to One Count in Tax Evasion Case
A FedEx pilot, charged with six counts of income tax evasion, pleaded guilty to one of those counts.
According to the indictment, Michael D. Mason, 51, of Cordova, Tenn., failed to file income tax returns for calendar years 2000 to 2004. Additionally, the indictment alleges that Mason failed to pay the IRS income tax due and owing and concealed or attempted to conceal his true and correct income from the IRS. Mason pleaded guilty to income tax evasion for calendar year 2003, a year in which he received approximately $240,359 in taxable income. As part of his plea agreement, Mason agreed that the tax loss to the United States for tax years 2000 to 2004 was $229,064.48, and he agreed to make restitution to the IRS.
Once Mason became aware of the IRS investigation of him, he formed sham entities to be used as nominees. In fact, he employed an attorney to prepare legal documents making it appear as if Mason’s residence was mortgaged to one of Mason’s sham nominee entities in an attempting to prevent IRS from collection efforts against his home.
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Tags: delinquent tax returns, failure to file, IRS tax problems, tax cheats, tax evasion, tax fraud
