There are some large companies in Missouri that employ an entire team of financial workers to help ensure that payments are properly documented, wages paid and earnings reported. However, there are other, smaller businesses that do not have the means to hire such financial professionals, leaving many of the financial decisions to rest on the shoulders of owners. Though it may be easy to make a mistake or miscalculations, federal officials may view an innocent oversight as deliberate tax evasion.
Unfortunately, a man in another state faces such accusations. Officials indicate that the 41-year-old man owns a construction company. Federal officials say that he cashed commercial checks and paid his employees in cash. In doing so, they claim, he skipped making payments that are mandatory under FICA, the Federal Insurance Contributions Act.
Additionally, these officials claim that the man lied to them. When asked if he had visited a “check cashing establishment,” he reportedly told them no. Officials claim that is untrue. The man now faces multiple criminal charges, including conspiracy to defraud the United States, making false statements to federal agents and willfully failing to collect and pay taxes. If convicted, he could spend up to 45 years in prison.
The implications of a criminal conviction on the tax evasion and other charges the man faces are severe. Often, people in Missouri and across the country are uncertain about the legal issues surrounding the charges against them. Often, having an experienced criminal defense attorney on their side can help them fully understand their options and the potential outcomes of each.