
A Connecticut man who originally helped operated a number of healthcare services across the state pleaded guilty to tax evasion. John Durante, 50, admitted in a Hartford courtroom to withholding payroll taxes for a number of years.
Documents show that Durante failed to file taxes between 1994 and 2001 while working for various Connecticut healthcare companies. The Internal Revenue Service originally informed Durante that he owed nearly $1.21 in back taxes in 2001, according to the Middletown Press. He confessed to withholding a large portion of his income to support a gambling habit. Currently, Durante has an outstanding balance of $1.5 million in tax debt.
Durante will be sentenced on November 29 and faces up to five years in prison. On top of serving time, he may be required to pay up to $3 million in fines.
Tax evasion is considered a federal crime in the U.S. The government relies on the money to fund public programs, such as Social Security and Medicaid. On top of sentencing, the IRS may require offenders to pay restitution to make up for the money lost.
Related Articles
These articles are all written by TaxLawHome.com's great editors and contributors. If you would like to write articles for TaxLawHome.com, please email editor[at]taxlawhome.com.
=== More Tax News ===