A Nevada man pleaded guilty today to evading payment of taxes he owed to the IRS.
According to court documents and statements made in court, from approximately 2009 through 2019 Scott Lawrence owned and operated Turn Two Inc., a Nevada real estate company. In March 2010, the IRS levied Lawrence’s personal bank account to satisfy an existing tax debt he owed to the IRS. After learning of the IRS levy, Lawrence started taking steps to thwart the IRS’s collection efforts. He began depositing a small portion of his wife’s paycheck into the levied bank account and withdrew the remaining portion in cash. Beginning in 2011, Lawrence began depositing his wife’s entire paycheck and other earnings into a corporate bank account held by Turn Two, and used that account to pay most of his family’s personal living expenses. Lawrence also directed his attorney to pay taxes owed to the IRS on an intentionally overdrawn bank account and to send a materially misleading letter to the agency. In all, as a result of his evasive conduct, Lawrence owes more than $1.9 million in restitution to the IRS for his delinquent tax debt from 2005 through 2019.
Lawrence is scheduled to be sentenced on Jan. 26, 2023, and faces a maximum penalty of five years in prison for tax evasion. He also faces a period of supervised release, restitution and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and U.S. Attorney Jason M. Frierson for the District of Nevada made the announcement.
IRS-Criminal Investigation is investigating the case.
Trial Attorneys Patrick Burns and Boris Bourget of the Tax Division are prosecuting the case.
Las Vegas Real Estate Professional Pleads Guilty to Tax Evasion | OPA & Latest News Update
Las Vegas Real Estate Professional Pleads Guilty to Tax Evasion | OPA & More Live News
All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get
all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue
to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.
Las Vegas Real Estate Professional Pleads Guilty to Tax Evasion | OPA & More News Today
All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward
Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links