Tax Evasion by Arizona Woman Amounts to $3 Million
A Gilbert, Ariz., woman was sentenced to 78 months in prison for evading more than $3 million in taxes on income earned from real estate commissions and land sales.
Sue J. Taylor, 67, was found guilty by a federal jury on April 28, 2011, of four felony counts of tax evasion and four misdemeanor counts of willful failure to file tax returns. Taylor was taken into custody at the conclusion of the hearing and will begin serving her sentence.
Evidence at trial showed that Taylor began filing false income tax returns in 1997, and later simply failed to file any income tax returns or report any income earned through her real estate brokerage, National Landbank. She also affirmatively concealed information from the IRS by hiding her income and assets in numerous fictitious business entities; lying to IRS employees; and structuring her financial transactions to avoid bank reporting requirements. Taylor previously served more than two years in prison for contempt of court in a separate civil case for refusing to produce records to the IRS.
“The defendant went to great lengths to avoid paying more than $3 million in taxes, including lying to IRS employees and attending offshore seminars to conceal assets,” said Acting U.S. Attorney Ann Birmingham Scheel. “At her sentencing, she was promptly taken into custody and now will face the consequences of her actions.”
More Tax Help, IRS News and Tax Relief Tips:
Tags: failure to file tax returns, tax cheat, tax evasion, tax resolution services
