Tax Evasion By Businessman Who Faces Up To 3 Years in Prison
At Tax Resolution Services we admire the creativity people use to try to avoid paying taxes. If you fall into the category of “creative” accounting, we hate to kill your spirit, but we are here to let you know that the IRS has seen, and heard, it all! So although you may think you are pulling a “fast one” over the tax man, in the end, you won’t be the one laughing. Another article to verify this:
The president of a Connecticut manufacturing company pleaded guilty to one count of filing a false federal tax return.
David Bohn, 46, of Redding, Conn., is the president of Danbury-based Preferred Utilities Manufacturing Corporation (PUMC). From 2004 to 2007, Bohn caused PUMC to pay for personal expenses for him and his family. Bohn categorized these personal expenses as legitimate PUMC business expenses, and he also failed to report the personal benefit he received on his individual federal tax returns.
For tax years 2004 to 2007, Bohn failed to report a total of $228,959.45 in income, resulting in a tax loss of $75,899 to the IRS.
Bohn faces up to three years in prison and a fine of up to $100,000. Bohn also is required to pay back taxes, as well as penalties and interest, to the IRS.
Stop your “creative” accounting and face your tax bill! We can help you by offering a free tax relief consultation to solve your tax problems today and in the future. Call us today at (888) 699-7630.
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