Business Owner Gets 3 Years in Prison for Failure to Pay Employment Taxes

A business owner in Texas was sentenced to 3 years in prison, along with millions of dollars of restitution to the IRS for the failure to report and collect some, but not all, of his company’s employment taxes.  Accurate reporting and collection is crucial for compliance with employment tax law.  Not only substantial penalties and fees are at risk, but also jail time for some owners.

See the following DOJ news release for more  information: https://www.justice.gov/opa/pr/texas-business-owner-sentenced-prison-not-paying-approximately-18-million-employment-taxes

 

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