Arizona Real Estate Broker Convicted
A woman from Gilbert, Arizona, was recently convicted of tax evasion and failure to file multiple tax returns.
Janice Taylor, a 67-year-old former real estate broker, did not file tax returns from 2003 to 2006 and did not pay approximately $1 million in taxes from various business-related earnings, according to a report.
Taylor used National Landbank, her former company, as well as other trusts related to her work, to hide payments, according to The Arizona Republic. A total of $1.3 million in real estate earnings, as well as an additional $72,000 in commission payments, were not reported to the Internal Revenue Service.
In total, Taylor was found guilty of four misdemeanors regarding failure to file tax returns, as well as another four felony tax evasion charges, the news source reported. She can receive five years in prison and $250,000 for each felony, and another year and $25,000 fine for each misdemeanor.
She will be sentenced in U.S. District Court in August.