To The IRS A Tax Evader Is A Tax Evader
It has been noticed that over the years many well known personalities don’t pay or even report their taxes. This is, of course, against Uncle Sam’s law. These personalities are brought to book and one such example of this type of circumstance is Tsen Toma. Towards the end of the nineties, this person operated his own business called Tomo Painting Construction. It was this business that caused Tsen Tomo to be indicted for tax evasion.
Tsen Toma was indicted because when he got checks from customers as payment for services rendered by Tomo Painting Construction, he cashed them. However, that cash was for private use. The checks were cashed at various check cashing establishments. The checks he cashed came to over a million dollars but Tsen Toma did not keep any verification in the form of receipts.
He continued to do this over a period of three years but his business records didn’t show the check payments and nor did he not notify the IRS on his tax return. In the 1998 tax year, Tsen Tomo did report a taxable amount of $29,901. However, the IRS discovered the amount should have been $452,244. This adjustment by the IRS resulted in extra tax of $168,718.
According to media releases Tsen Toma departed from the United States while under investigation by the IRS. This action led him to be placed under arrest. The arrest was carried out at Kennedy Airport on his return from the country of Taiwan. This happened on 24 November. The consequences of Toma’s actions could result in a prison sentence of five years and also a $25,000 or two times the gross gain emanating from the offense of tax evasion. This shows taxpayers that Uncle Sam does not tolerate tax evasion by any person in the United States.
Don’t evade your taxes. Tax debt is no laughing matter.
