Know what’s going on in your office!  When an employee starts to embezzle money and evade taxes to line their pockets and offshore bank accounts, it often goes unnoticed by the company’s owners for months or years until a lot of money is stolen.   If you own a business, being smart about who you hire is one thing, making sure they are doing their job accurately and honestly is another.  Keep a watchful eye on your employees, especially those handling your taxes and payroll.  If you feel something is wrong with your payroll or taxes, I highly recommend involving a tax professional immediately.  A tax professional, tax attorney or IRS specialist can help you assess your situation and Tax Resolution Services offers a free tax consultation to get you started.  Don’t let your employee cheat you out of money like this Illinois woman!

An Illinois woman faces up to 16 years in prison after pleading guilty to four counts of tax evasion, willful failure to file federal income tax returns, embezzlement from an employee benefit plan and failure to pay employment taxes.

The convictions are the result of the conduct of Mary R. Storer, 40, formerly of Wood River, Ill., after she was hired by Elk Heating and Cooling as their office manager in 2006. Storer’s responsibilities included answering the telephones, setting up customer appointments and handling accounts receivable and accounts payable. She was also in charge of payroll and filing and paying Elk Heating’s payroll taxes. Storer immediately began embezzling money from Elk Heating and gambled away almost all of the money. In all, she lost over $103,000 at the Alton Belle Casino in 2006. As part of the plea, she admitted she committed tax evasion, embezzled money from Elk Heating’s employee benefit plans and failed to pay over employment taxes of Elk Heating. She has agreed to pay restitution in the amount of $266,056 to Elk Heating.

Remember to ask the right questions when hiring a tax attorney or tax professional.   1-866-IRS-PROBLEMS is the number for tax relief from Tax Resolution Services.

More Tax Help, IRS News and Tax Relief Tips:

1. Furniture Retailer Guilty of Tax Evasion and What to Do if You are in an IRS Audit
2. Tax Resolution Services Offers Only Good Tax Help: Ohio Businessman Hit with Tax Charges after Bad Advice
3. Filing False Tax Returns Could Land Ebay Seller in Prison and Fine of $100k for Tax Evasion
4. Filing a Delinquent Tax Return is Better Than Failure to File Taxes
5. Tax Debt is Scary But Evading Taxes is Scarier: Man Gets Prison Sentence for Not Reporting $500K

Tags: embezzling from employee benefit plan, failure to file taxes, failure to pay employment taxes, free professional tax consultation, Free Tax Consultation, irs problems, IRS specialist, tax attorney, tax evasion, tax help, tax professional, tax relief, tax resolution services

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