IRS Pursues Businesses for Non-payment of Taxes

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On September 7, the IRS raided a building at 1303, SW Frontage Road in Fort Collins, Colorado that houses several businesses, namely K&K Siding and Windows, CrossCountry Fulfillment and CrossCountry Windows and Siding. These businesses, owned by husband and wife team, Kay and William Kunzman, are alleged to have failed to pay taxes amounting to about $200,000 and withholding the truth in their tax returns. The IRS sent an undercover agent into the building premises on reconnaissance before raiding it, confiscating computers and relevant documents.

The Kunzmans, allegedly made withholding deductions from their employees’ salaries but did not remit them to pay for their taxes since 2006, according to court papers. The couple has also been previously convicted of running a Ponzi (pyramid) scheme, money laundering and securities fraud and had spent time in federal penitentiary for these crimes in 1994.

It was a confidential informant who tipped the IRS off about the Kunzmans’ activities. The IRS is investigating the Kunzmans for willful non-payment and non-accounting of taxes that includes federal income and FICA taxes, failure to file personal and income tax returns and making false statements on tax returns. Court documents show that the informant had submitted his or her W-2 forms indicating taxes were withheld but corresponding records at the Social Security and several other state and federal agencies show that no taxes were paid as legislated by the law.

Please see full article below for more information.

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Published In: Criminal Law Updates, Labor & Employment Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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