When it comes to criminal tax violations, the penalties can have a long-term impact on those accused of an offense. From spending years in federal prison to steep fines, being accused of a tax crime is a serious matter. In Minneapolis, and other parts of Minnesota, people who have found themselves in this position should carefully evaluate their set of circumstances. These offenses carry a negative social stigma and can haunt people for years to come, which highlights how important it is to properly address allegations of a tax crime.
A 60-year-old man from Iowa is facing up to five years behind bars after pleading guilty to criminal conduct involving employment taxes. The man, who owns a company which produces ethanol, admitted that he did not send in taxes he had collected from workers.
A sentencing date has not been scheduled for the man, who is from Forest City. According to the business owner's confession, he failed to pay more than $85,000 in employment taxes in 2012.
Sometimes, people are wrongfully accused of tax violations, while others may not have realized they broke the law or understood how serious the violation was. Taxes can be confusing and many people have found themselves in hot water unexpectedly. For people who are dealing with these types of accusations firsthand, consulting a legal professional who has an intimate knowledge of tax law could be a wise decision. From devastating fines to many years of imprisonment, there are serious ramifications associated with mishandling a tax case.
Source: KIMT, "North Iowa businessman admits to employment tax crime," Mike Bunge, June 22, 2016