When it comes to running a business, owners in Missouri and across the country likely have a great deal of responsibilities to ensure its overall success. Unfortunately, issues such as paying taxes may take a back burner in comparison to responding to the requests of clients. Failing to pay taxes, however, could come with serious legal consequences, such as accusations of tax evasion and other claims by the IRS.
In fact, a man in another state has recently pleaded guilty after federal prosecutors claimed he failed to pay taxes from 2007 to 2010. According to reports, the 48-year-old worked as a self-employed contractor who provided remodeling and construction services. However, he is accused of not filing or paying income taxes during the time frame in question.
Investigators claimed that the man filed taxes for June 2007 when when he learned that he was under investigation. However, officials believe that he filed false information, underreporting his income from this business. He recently pleaded guilty to filing a false tax return. It is unclear what prompted the investigation into the man’s business activities.
Reports indicate that the man previously spent time in prison after pleading guilty to charges of tax evasion. A great deal of thought and consideration often goes into deciding how to respond to such accusations — including whether to fight the charges in court or plead guilty. Often, people in Missouri who find themselves in a similar situation find themselves unprepared to make informed decisions. Fortunately, there are professionals with experience with such cases who can help.