Some people are just straight up tax cheats.  The Wyoming man in the story below blatantly evaded his taxes doing things such as underreporting income and filing false tax returns.  Subsequently he was sentenced to prison time and left with a hefty fine - all of which he deserves.  For those who find themselves in tax debt, not because they were purposely cheating on taxes but because of other extraordinary conditions in their lives, tax relief is possible!  Hiring a tax professional - like a tax attorney or tax specialist - is the first step to relieving tax debt.  There is nothing to fear about seeking tax help - if you are innocent!  If you are starting to seek help for your tax debt, Tax Resolution Services tells you exactly what to expect when resolving tax debt. 

John T. Minemyer, 49, of Casper, Wy., was sentenced to 12 months in federal prison for tax evasion. Minemyer was also ordered to pay a $25,000 fine and restitution totaling $200,918.22. 

Monomer’s tax evasion charge stems from when he was a resident of Colorado Springs, Colo., where he was a 50 percent partner in a company known as Lozon, which sold coupler devices used for underground fiber optic cables. Minemyer filed with the IRS false joint tax returns for the years 2000 and 2001, substantially underreporting his income from the partnership and using a series of offshore financial transactions to hide that income.

As a result, Minemyer failed to report on his 2000 return income of $355,176, which resulted in an underreported tax liability of $140,561. In addition, Minemyer failed to report on his 2001 return income of $174,087, which resulted in an underreported tax liability of $60,357. The total loss for both years is $200,918.

“This case is a good example of those who evade their tax obligations may end up finding themselves in federal prison and owing a lot more money than they would have originally had to pay,” said U.S. Attorney David Gaouette.

Tax Resolution Services is a team of tax attorneys and IRS specialists who have helped people resolve tax debt through negotiation and mediation with the IRS.  Retaining Tax Resolution Services is the first step to getting out of tax debt - and it’s easy.  Call us at 1-866-IRS-PROBLEMS or fill out the online form for a free tax consultation.

More Tax Help, IRS News and Tax Relief Tips:

1. Filing False Tax Returns Could Land Ebay Seller in Prison and Fine of $100k for Tax Evasion
2. Swiss Bank Account Information to be Turned Over to IRS: Tax Evaders Trying to Shelter Money May Consider IRS Voluntary Disclosure Program
3. Tax Help News: IRS Enforcement to Get Priority, Big Bucks in 2010
4. Energy Drink CEO Faces Prison for Tax Evasion
5. Professional Tax Help Can Help You Find Tax Relief But Cannot Help the Russian National that Scammed $136,000 from the IRS

Tags: evading taxes, filing false tax returns, Free Tax Consultation, irs problems, IRS specialists, Offshore Banking, tax attorney, tax cheat, tax debt, tax evasion, tax professional, tax relief, tax resolution services, tax specialist, underreported tax liability, underreporting income

This entry was posted on Monday, November 16th, 2009 at 8:45 am and is filed under Back Taxes, IRS Tax Cases, IRS Times and Inquirer, IRS help, Seeking Professional Tax Help, Tax Debt Help News, tax help. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.