Running a business is difficult. There are a lot of things to remember, such as; payroll, ordering supplies, paying utilities and most importantly, paying your taxes. As a Massachusetts consumer, when you purchase an item in a store or order food in a restaurant, the money collected by the business for taxes is to be paid on a regular basis, often quarterly, to the state.
Unfortunately, a Massachusetts business owner may have missed the memo on this important business task and was recently charged with tax evasion in a New Hampshire superior court.
Last week, the owner of two Hudson pizzerias, plead guilty to eight counts of tax evasion – all misdemeanors. The man neglected to submit the taxes collected for the meals he served to customers from late 2008 through the beginning of 2010. Over that time it was estimated that the total owed to the state had accrued to almost $25,000. The total takes into account not just the delinquent taxes but also includes the appropriate penalties and fines.
The court has agreed that the man be allowed to make payments on the arrearage over the next five years, his first payment was made to the court the day he appeared before the judge. However, if he fails to make the payments, he will be faced with up to four years in jail.
Let’s face it; the economy has been tough for all of us in one way or another. For a business owner like this man, it may be possible that with the current economic times customers weren’t eating out as readily as they once were and his income suffered. Sadly, that doesn’t mean that the business owner’s overhead decreases. During desperate times, some people make desperate choices, and sometimes they aren’t the best decisions.
If you’ve been charged with tax evasion, don’t face the IRS on your own. It’s time to consult with experienced attorneys that can provide options for your specific situation and help you determine the best course of action.