Personal Taxes

Charleston Man charged with alleged failure to pay labor taxes and revenue taxes USAO-CDIL

URBANA, IL – A federal grand jury-returned indictment charges Jay Fisher of Charleston, IL, allegedly failing to report and pay federal labor taxes and income taxes on 21 tax fraud cases. Fisher is expected to appear in federal court on April 19, 2021 at 10:30 a.m. The trial will take place in Urbana via video conference before US Judge Eric I. Long.

According to the indictment, Jay Fisher was responsible for the business of Financial Logic Inc. and, as such, was required to file a Form 941 and remit employment taxes for its employees. Labor taxes are made up of federal income tax, social security, and Medicare taxes. The indictment alleges that Fisher did not pay employment taxes of more than $ 300,000 between 2015 and 2018. The indictment also alleges that Fisher failed to file and pay his individual income taxes between 2014 and 2018.

The IRS Criminal Investigation Division, with assistance from the Illinois Department of the Treasury, is investigating the charge. U.S. Assistant Attorney Melissa Moody represents the government in law enforcement

The maximum penalty for any of the 16 unpaid income tax incidents is five years in prison, up to a $ 10,000 fine, or both. The maximum penalty for any of the five incidents in which individual income tax is not paid is up to one year in prison, a fine of up to $ 25,000, or both.

The public is reminded that a charge is just an accusation. The defendant is presumed innocent unless proven guilty.

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