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Former CEO Sentenced to 32 Months in Prison for Tax Crimes

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    According to a Department of Justice press release, a former CEO from Jacksonville was sentenced to 32 months in prison for tax evasion. This case serves as a reminder of the importance of compliance with tax laws and the severe consequences of failing to do so. If you have failed to file a tax return for one or more years, or have taken a position on a tax return that could not be sustained upon examination, it is in your best interest to contact an experienced tax defense attorney to discuss your options to come back into tax compliance without facing criminal tax prosecution.

    Defendant Used Shell Company to Avoid Paying Hundreds of Thousands of Dollars of Tax

    Court records reveal that the court found that between 2015 and 2018, Jason Cory, 49, had deposited over $1.5 million from his IT services companies into a shell company that he controlled. He failed to report this income on his tax return and made false representations to cover up his actions, including misclassifying the nature of the payments that were made. Cory used the money for personal expenses and evaded paying over $600,000 in taxes.

    The presiding U.S. District Court Judge ordered the former CEO to serve a term of 32 months of imprisonment. In addition, Cory was ordered to serve three years of supervised release upon the completion of his prison term. Finally, Cory was ordered to pay $606,195 in restitution to the IRS.

    Coming Into Compliance With the Assistance of an Experienced Tax Attorney

    At the Tax Law Offices of David W. Klasing, we understand the complexities of the tax system and the potential consequences of non-compliance. Our experienced tax professionals have a thorough understanding of tax laws and regulations and can assist clients in ensuring compliance and avoiding potential penalties. We believe in proactive tax planning and representation to minimize tax liabilities and protect our clients’ interests.

    If you have failed to file a tax return for one or more years, or have filed a tax return that you knew (or now know) to be false, you should contact an experienced tax defense attorney as soon as possible to determine the best strategy to get right with the government. Together, you will determine the pertinent facts of your case and will agree on a road map to compliance.

    We Are Here for You

    Regardless of your particular business or estate needs, the professionals at the Tax Law Offices of David W. Klasing are here for you. We are open for business and our team will help ensure that your business is too. Contact the Law Offices of David W. Klasing today to discuss your business with one of our professionals.

    In addition to our main office in Irvine, the Tax Law Offices of David W. Klasing has unstaffed (conference room only) satellite offices in Los Angeles, San Bernardino, Santa Barbara, Panorama City, Oxnard, San Diego, Bakersfield, San Jose, San Francisco, Oakland, Carlsbad and Sacramento.

    Our office technology allows clients to meet virtually via GoToMeeting. With end-to-end encryption, strong passwords, and top-rated reliability, no one is messing with your meeting. To schedule a reduced rate initial consultation via GoToMeeting follow this link. Call our office and request a GoToMeeting if you are an existing client.

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