Federal Tax Evasion Lands Couple an Indictment

Couples Business Tax

Couples in Missouri manage their money in different ways. While some may combine all their assets, with both spouses having access to all accounts, others keep their finances separate. It is unclear how the finances of a couple in another state who were recently indicted on tax evasion charges had their assets divided.

The couple was indicted on a day in mid-June. According to reports, they face charges of conspiracy and tax evasion. Court records indicate that the couple attempted to avoid paying federal income taxes on the husband’s income by using a variety of different bank accounts and submitting fake forms to the Internal Revenue Service, concealing his assets and income.

Additionally, the indictment claims that the husband did not file individual income tax returns for a variety of different years, spanning from 1997 to 2006. Despite the lack of filing, federal officials believe that he earned money during those years. The indictment also accuses the man of filing reports in 2000 and 2001 indicating that he had an income of $0. It is unclear how officials determined that the woman was aware of or involved with the alleged income tax situation.

If convicted of the tax evasion and other charges the out-of-state couple is facing, they could each spend up to 10 years in prison. Because of the high stakes in the case, they may decide to hire an attorney with experience with such charges to help them guide them through the case against them. There are a variety of options available to those facing criminal charges in Missouri and across the country, including fighting the charges in court or pursuing a plea deal.