A woman in Virginia was sentenced to one year and one day in jail on Thursday for failing to pay taxes. Willette J. Holland, the owner of Tax Professionals, has been under investigation regarding her taxes since August 2014.
The IRS contacted the tax preparer Netherlands because she did not file individual tax returns between 2010 and 2013. She filed false declarations in the following years, which underestimated her projected income and business income. In addition, she did not file a tax return between 2014 and 2016, even though she is required by law to do so.
In 2014, she deposited all the income she received from tax professionals in another bank account to avoid paying taxes. As the Netherlands avoided paying taxes for many years, she spent $177,000 on the IRS.
According to U.S. District Judge Robert Payne, in addition to a one-year prison sentence, Holland must also serve three years of supervised release.
Trial attorney Francine Davis and Assistant Chief Michael Portler of the Tax Division of the Department of Justice and Assistant U.S. Attorney Caitlin Cook for the Eastern District of Virginia are prosecuting the case.
Tax evasion is also closely related to tax fraud, which is the deliberate act of concealing a certain amount of taxable income in the annual tax return. If a person does not file a tax return in time, it will be considered a tax crime. In addition, unintentional calculation errors during submission are unintentional tax evasion, which may result in fines and imprisonment.
According to the FBI, 16% of all federal taxes are not paid Internal Revenue ServiceIn addition, tax fraud costs the US government US$450 billion each year.
The fact that 1% of people can avoid taxes, not the average American working class, has caused widespread controversy. On July 1, 2021, Alan Wesselberg, the chief financial officer of the Trump Organization, was charged with tax evasion of more than $1.7 million in income. The Trump Organization and Trump payroll have also been charged.
The New York State Attorney General Letitia James issued the following statement regarding the allegations against Allen Weisselberg.
Attorney General James said: “This is an important sign of the ongoing criminal investigation of the Trump Organization and its chief financial officer Alan Wesselberg.” “In the indictment, we allege, among other things, The LP organization and Mr. Wesselberg conducted a plan to avoid financial misconduct in certain compensation taxes. This investigation will continue, and we will follow the facts and laws wherever it may result.”