McPhail Fails, Lands in Jail!
The owner of a roofing company, Ronald McPhail, was sentenced to one year and one day in prison for failing to report income from 2014 to 2019. During that time McPhail’s business generated more than 7.1 million dollars in revenue and approximately 2.43 million dollars in income. To conceal the income McPhail cashed customer checks without first depositing them, and asked his customers for payments in sequentially numbered checks in amounts less than $10,000. He then cashed the checks at different bank branches on different days.
In addition to the prison sentence he was ordered to pay a fine of $10,000 and restitution to the IRS in the amount of $798,494.
About the Author
Gregory McCauley Jr., Esq.
Tax Attorney · Villanova University School of Law · Admitted in Delaware, New Jersey, United States Tax Court
Gregory McCauley Jr. is an experienced tax attorney who has personally represented more than 1,000 clients in matters ranging from civil tax controversy and IRS examinations to criminal tax defense, U.S. Tax Court litigation, and complex business disputes. His practice is built on a foundation his c...
