Rhode Island Man Pleads Guilty to Evading Taxes from 2005 through 2016 & Obstructing IRS From Assessing and Collecting Tax.
According to DoJ. a Hope, Rhode Island, man who failed to pay hundreds of thousands of dollars in federal income taxes pleaded guilty yesterday to tax evasion.
According to court documents, from 2005 through 2016, Billie Schofield worked for local fishing companies and earned hundreds of thousands of dollars in income.
Schofield evaded the assessment of taxes on income earned through multiple commercial activities by causing payments to be made through a nominee business and depositing money in a nominee account.
He obstructed the Internal Revenue Service’s (IRS) efforts by filing false income tax returns, preventing the delivery of IRS levy notices to his employer, and by sending bogus checks to the IRS in a fraudulent attempt to pay off an IRS lien placed on his property.
Schofield’s Conduct Resulted in a Tax Loss
of More Than $250,000.
Sentencing is scheduled for Sept. 13 before U.S. District Court Judge William E. Smith.
The Defendant Faces a Statutory Maximum Sentence of 5 Years in Prison for the Tax Evasion Charge.
He also faces a period of supervised release, restitution and monetary penalties.
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Read more at: Tax Times blog