Tenn. Businessman Gets 8 Months for Tax Evasion
Thoeun Chan, 52, of Germantown, Tenn., was sentenced to eight months in prison and ordered to pay $207,142.30 in restitution following his guilty plea for tax evasion. Chan, owner of Handiworks Jewelry and Winchester Pawn and Jewelry in Memphis, admitted he failed to report about $274,875 in income for 2001 and about $277,277 in income for 2002. These false returns resulted in a tax loss of approximately $207,142.30.
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Tags: avoiding taxes, Failing to report income, filing false federal tax return, tax cheat, tax evasion
