Levins Tax Law
Schedule your initial consultation:

Experienced and Trusted
Representation From A Tax
Attorney And Former IRS Agent
And "BIG 4" Tax Partner

Photo of Attorney Gerard J. Levins

Company owner convicted of tax evasion sentenced to jail

On Behalf of | Jul 8, 2013 | Tax Evasion

The owner and operator of a large Massachusetts company was convicted of tax evasion after failing to file tax returns between 1997 and 1999. He was sentenced to three years in prison and has been ordered to pay more than $716,000 in restitution. When he completes his jail sentence, he will also face two years of supervised release.

The District Attorney stated that the evidence against the man indicated that he had attempted to avoid collection of the taxes by placing property and financial assets in his wife’s name. The man was convicted after a five-day jury trial but was not sentenced until later. Motions for acquittal and a new trial were rejected. The man was sentenced on June 19.

If an individual is convicted for tax evasion, they face a number of severe penalties. For example, they may be sentenced to up to five years in prison in addition to paying back the money that they owe. They may also be held responsible for interest on the taxes and be fined up to $100,000 for each attempt at tax evasion. If it is a corporation attempting to avoid paying taxes, they may receive a fine of up to $500,000.

In order for an individual to be convicted of tax evasion, the prosecution must be able to prove that the individual was willfully attempting to avoid paying the back taxes. An experienced Massachusetts attorney may be able to investigate the evidence, such as past tax returns that the prosecution has against their client. The attorney may be able to find evidence that their client was not trying to avoid paying taxes or that their client does not owe the money specified by the IRS. Massachusetts Government Department of Revenue, “Penalties for Failure to Comply with Your Obligations,” No date.

Source: Plastics News, “Pelletizer company owner sentenced to prison for tax evasion“, Frank Antosiewicz, June 24, 2013


FindLaw Network