A Nevada dentist recently pleaded guilty to failing to comply with federal employment tax laws. As our frequent readers know, the IRS takes employment tax law violations very seriously. If you have failed to comply with federal employment tax laws or have failed to file an accurate tax return for one or more years, you should contact an experienced business tax defense attorney to determine your potential exposure and how to get right with the government.
According to a Department of Justice press release, Dr. Timothy Wilson, from Phoenix, Arizona, owned and operated a pediatric dental practice in Las Vegas called Starsmiles Children’s Dentistry. As the sole owner of the practice, it was his responsibility to collect and remit to the IRS all income, Medicare, and Social Security taxes that were withheld from the wages paid to his employees.
However, between 2011 and 2014, Dr. Wilson failed to pay over these withheld taxes to the IRS, resulting in a tax loss of $289,654.63. He will be sentenced on April 24, 2023 and faces a maximum of 5 years in prison. In addition to a prison sentence, he may also be subject to a period of supervised release, restitution, and monetary penalties.
This case highlights the importance of withholding, accounting for, and paying over employment taxes to the government and the severe consequences of failing to do so. The experienced employment tax professionals at the Tax Law Offices of David W. Klasing can help ensure that you are in compliance with all tax laws and regulations, including employment tax laws and can assist you in the event of any tax-related inquiries.
If you have fallen behind on your employment tax or other income tax filings, or have taken a position on a tax return that could not be sustained upon IRS examination, it is in your best interest to seek the assistance of a seasoned tax attorney. Together, you will work to determine the pertinent facts of your case and develop a strategy to bring you into tax compliance.
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.
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