SEATTLE (Legal Newsline) – Acting Assistant Attorney General
Caroline D. Ciraolo of the Justice Department’s Tax Division and Acting U.S.
Attorney Carol A. Casto for the Southern District of West Virginia announced
that two West Virginia business owners have been indicted by a federal grand
jury for alleged federal employment tax violations.
Michael Taylor and Jeanette Taylor, a married couple,
allegedly defrauded the United States by impeding the Internal Revenue Service
(IRS) in collecting employment taxes. The couple runs a business called Taylor
Contracting/Taylor Ready-Mix LLC and Bluegrass Aggregates LLC. The business
transports steel and sells gravel and concrete.
The indictment states that the couple had a responsibility
to dutifully and truthfully collect, account for and pay the IRS federal income, Social Security and Medicare taxes withheld from the wages of their employees.
According to the charges, the Taylors withheld roughly $1 million in payroll
taxes from 2007 to 2009.
However, the Taylors purportedly failed to full pay these
taxes to the IRS. The claims state that the Taylors instead used the money for
their personal benefit. They allegedly made payments with the money toward
personal credit cards and a horse farm.