On October 29, 2019 we posted The IRS is Now Criminally Prosecuting Employers For Failure To Pay Withheld Payroll Taxes! where we discussed that the IRS is stepping up criminally prosecuting business owners for failing to turn over withheld payroll taxes.
According to documents and information provided to the court, Rama Gogineni was president and director of Computech Services Inc., a technology consulting services firm in Richmond, Virginia. Gogineni was also responsible for collecting, truthfully accounting for, and paying over to the IRS Social Security, Medicare, and income taxes withheld from his employees’ wages. Beginning as early as 2007 and through 2015, Gogineni did not pay over more than $980,000 in employment taxes to the IRS.
U.S. District Judge David Novak scheduled the sentencing for Feb. 10, 2021.
At sentencing, Gogineni faces a maximum sentence of five (5) years in prison, as well as a period of supervised release, restitution, and monetary penalties.
Read more at: Tax Times blog