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Liquor Store Owner Could Use a Drink Right About Now

A Florida liquor store owner, Ajay Kumar, was sentenced to prison for tax evasion for failing to report the store’s cash sales. For tax years 2015 to 2018, Kumar only reported credit card sales on his tax returns and underreported the liquor store’s gross receipts by approximately $1,718,945. For those same tax years he failed to pay approximately $481,304.68 in federal income taxes.

Kumar was sentenced to 18 months in prison, fined $7,500 and ordered to pay $481,304.68 in restitution.

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