Kentucky Man Charged With Tax Evasion
A man from Bowling Green, Kentucky, was recently charged with federal tax evasion, and if convicted, he could face a maximum of five years in prison.
Phillip Carr was indicted in U.S. district court by Judge Joseph McKinley, according to the BG Daily News. Along with his spouse, he filed fraudulent income tax returns with the Internal Revenue Service from 2004 to 2006.
He was charged with three counts of tax evasion, one for each of the years in question. the news source reported For 2004, Carr and his spouse earned nearly $260,000. In 2005, the couple made approximately $240,000, and during 2006 the couple had a combined salary of more than $355,000. If convicted, the couple would owe nearly $280,000 in income tax payments.
In addition to his potential sentence, Carr may receive a fine of $250,000 for each offense, the news source added.
The maximum recommended sentence for federal tax evasion is five years in prison, but may change due to other crimes and actions involved in each individual case.