Owner of First Touch Payment Solutions Co. Has the Last Touch of His Worker’s Employment Taxes
A resident of Germantown, TN, Larry Thornton was sentenced to one year in prison and ordered to pay more than $10 million in restitution for failing to pay more than $8 million in employment taxes. Thornton owned 2 companies, First Touch Payment Solutions, a credit card processing company and Software Earnings, Inc. (SEI) which produced […]
North Carolina Man Goes to Great Lengths Not to Pay IRS
Billy Floyd, of Monroe, NC was indicted on charges of interfering with the due administration of the Internal Revenue laws and filing false tax returns. It was alleged that Floyd filed amended tax returns for the years 2000-2002 showing his tax liability reduced to zero. In 2010 he again filed amended returns but included the […]
Connecticut Man Faces Prison Term for Hiding Income in Panama
Saul Hyatt, from Weston CT., pleaded guilty to one count of concealing over $1.5 million in income by using an undeclared bank account in Panama. Hyatt registered a Panamanian Corporation, The Centennial Group, which bought and sold duty-free alcohol and tobacco products. Both products were shipped to warehouses in the US and the profits, totaling […]