${site.data.firmName}${SEMFirmNameAlt}
Call Us At:
301-637-8130

Couple charged in federal court with spending payroll tax money

The federal government expects Rockville businesses to withhold payroll taxes from their employees -- and to hand over that money to the IRS. When authorities believe that a business has failed in either step, they will bring serious federal charges against the owners.

That is what has happened to a West Virginia couple, after a grand jury indicted them late in May. Prosecutors from the U.S. Attorney’s Office convinced jurors that the defendants, who own a pair of businesses, properly withheld payroll taxes they collected from their employees, WSAZ-TV reports.

But the defendants allegedly spent some of the money on themselves. According to the charges, they withheld more than $1 million for one of their businesses from 2007 to 2009, and about $161,000 for the other company in 2010. Investigators claim that the defendants used an unspecified amount of the money to pay credit card debt, and spent more of it on a horse farm.

The charges against the couple carry a maximum of five years in prison, along with a $250,000 fine per count.

If that sounds scary, it should. State and federal government authorities go to great lengths to collect the tax money to which they believe they are entitled. Maryland business owners need to make sure they are in compliance with the law, and need legal representation if they are ever accused of a crime.

An experienced and knowledgeable tax attorney can help your business confront a tax issue, or do everything possible to prevent problems from ever arising.

No Comments

Leave a comment
Comment Information

Contact the Tax Lawyers at Kundra & Associates

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Get In Touch
  • Best Law Firms U.S. News 2014
  • Best Law Firms U.S. News 2015
  • Best Law Firms U.S. News 2016
  • Best Law Firms U.S. News 2017
  • fortune leading women in the law 2013 & 2014
  • Super Lawyer
  • Best Lawyers 2013, 2014,2015 and 2016
  • Global Law  Experts | 2016 | Annual Awards Winner

Rockville Office
110 North Washington Street
Suite 406
Rockville, MD 20850

Phone: 301-637-8130
Fax: 301-424-7047
Map & Directions

Washington, D.C. Office
1025 Connecticut Ave NW (By Appt only)
Suite 1000
Washington, DC 20036

Phone: 301-637-8130
Fax: 301-424-7047
Map & Directions

Kundra & Associates, PC
C/o Anmol Sekhir Consultants Pvt. Ltd. Chartered Accountants
3rd Floor, Sahakar Bazar
Opposite Railway Station
Bandra (West), Mumbai 400 050

Phone: 301-637-8130
Fax: 301-424-7047
Map & Directions