(The Center Square) – A Colorado man was once sentenced to fifteen months in prison and ordered to pay $1.1 million in restitution to the United States for evading employment taxes.
Frank Stevens of Bow Mar led to a tax lack of roughly $737,128, in line with court docket paperwork and a media release from the U.S. Department of Justice. In addition to imprisonment, U.S. District Judge Daniel Domenico ordered Stevens to serve 3 years of supervised unlock and pay a $10,000 high quality.
Stevens co-owned eating places and an oil manufacturing trade, in line with court docket paperwork. He withheld source of revenue, Social Security and Medicare taxes from worker paychecks. In roughly 2002 and proceeding for a few years, Stevens didn’t pay over the withheld payroll taxes to the Internal Revenue Service or document the desired quarterly employment tax returns for his trade.
When the IRS failed to gather the taxes from the trade, they tried to in my opinion assess Stevens for the taxes. Stevens averted the IRS from amassing the taxes thru financial institution levies as he saved low balances in his non-public and trade financial institution accounts, infrequently leaving a stability of one cent.
Stevens transferred or directed workers to switch sufficient finances to hide bills of the companies after which moved any closing finances to a checking account no longer matter to IRS levy.
The case was once investigated by means of the IRS Criminal Investigation Unit and was once prosecuted by means of trial lawyers Peter Anthony and Julia Rigg of the tax department.
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