Monday, March 24, 2014

Woman Gets 15 Months in Prison for Causing "Tax Loss" of $90,000

Posted By on Mon, Mar 24, 2014 at 9:03 AM

click to enlarge The IRS has to pay to keep up this building somehow. - FACEBOOK/IRS
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  • The IRS has to pay to keep up this building somehow.

The country is broke, so when it comes to ripping off the IRS, the federal government isn't too proud to go after the small fish.

Evelyn Silas, 53, was sentenced to fifteen months in prison for adding false information to twenty tax returns she filed for friends and family over a course of three years. The U.S. Attorney's Office says the Florissant woman "caused more than $90,000 in tax loss." That comes out to about $4,500 in "tax loss" per tax return. Silas kept a portion of each return for herself as a filing fee.

Silas, who was employed as an investigator at the Equal Employment Opportunity Commission of St. Louis, pleaded guilty to thirteen counts of tax and fraud charges in October 2013. She was facing up to three years in prison on each count.

When Silas gets out of prison after fifteen months, she might want to learn about dodging taxes the right way from St. Louis-area companies, like Boeing and Express Scripts.

See also: The Ten Most Egregious Tax Loopholes in the U.S.

During 2010 -- one of the years Silas put false information on tax returns and caused a few thousand dollars in "tax loss" -- Boeing paid $0 in federal taxes and got a refund worth $124 million. Boeing, which exists primarily on government-funded contracts, pays negative 1.8 percent in taxes.

And in 2011, Express Scripts stashed $50 million in offshore accounts and evaded paying $20 million in federal taxes. See also: Jimmy Tebeau: Camp Zoe Owner Charged with Tax Evasion

Billion-dollar biotech behemoth Monsanto appears to pay its taxes with about 22 percent of their profits going to Uncle Sam, but that's a rate about the same as a working stiff making less than $40,000 per year.

Locking up Silas for fifteen months will cost taxpayers approximately $30,000, which doesn't include the investigation and court costs.

Happy tax season, St. Louis!

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