A South Texas enterprise proprietor admitted on April 30 to failing to pay employment taxes at his native enterprise, U.S. Legal professional Nicholas J. Ganjei introduced.
Timothy Gaines Pollard, of McCoy, Texas, owned and operated Tim Pollard Development, a residential reworking and fence set up enterprise in Bishop and Kingsville, in accordance with an indictment filed with the U.S. District Court docket for the Southern District of Texas on March 27, 2024.
Pollard pleaded responsible to failing to gather, withhold or pay employment taxes from his workers’ paychecks from 2018 to 2022, together with federal revenue, Social Safety and Medicare taxes.
A stipulation of reality filed with the court docket stated that he withheld cash from his workers throughout that interval however did not pay it to america, because the legislation requires, and spent the funds on private bills as a substitute.
Particularly, in the course of the fourth quarter of 2019, he didn’t pay to the IRS payroll greater than $36,700 in taxes that he had collected from workers.
An IRS agent spoke with Pollard in November 2018 and put him on a discover of obligation to pay payroll taxes, court docket paperwork confirmed.
Throughout that dialog, Pollard acknowledged that he was answerable for paying taxes to the IRS and agreed to remain present together with his funds.
Whereas the corporate withheld the suitable quantity of payroll taxes from workers’ paychecks from 2018 by way of 2021, it failed to totally pay out the withheld payroll taxes to the IRS, which had been due each quarter throughout that interval.
Starting in January 2019, Pollard made no additional quarterly funds of payroll taxes to the IRS and didn’t file employment tax returns with the IRS, the paperwork confirmed.
In whole, Pollard did not account for greater than $421,000 in whole taxes, in accordance with the court docket information.
U.S. District Decide David S. Morales will impose sentencing on July 30.
Pollard faces as much as 5 years in jail, a $250,000 most tremendous or each penalties, and will obtain as much as three years of supervised launch after imprisonment.
He was permitted to stay on bond pending that listening to.
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This text initially appeared on Corpus Christi Caller Occasions: Federal court convicts South Texas man who didn’t pay employment taxes
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