An Atlanta precious metals broker was sentenced to 21 months in prison following his Dec. 12, 2018, conviction by a federal jury on three counts of failing to file income tax returns. Hakim has been in custody since April 12, 2019. He was arrested and jailed after he failed to appear for his original sentencing date.
Despite receiving income in excess of the filing thresholds and knowing his obligation to make and file tax returns, Hakim did not file any income tax returns with the Internal Revenue Service (IRS).
Hakim is going to prison, is to serve 1 year of supervised release and was ordered to pay $639,006 in restitution to the IRS and $4,603.28 in costs of prosecution.
Read more at: Tax Times blog