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Reading: South Bay CEO pleads responsible to not paying $1.15 million in employment taxes
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The Wall Street Publication > Blog > U.S > South Bay CEO pleads responsible to not paying $1.15 million in employment taxes
U.S

South Bay CEO pleads responsible to not paying $1.15 million in employment taxes

Editorial Board Published December 12, 2024
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South Bay CEO pleads responsible to not paying .15 million in employment taxes
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SAN JOSE – A South Bay government pleaded responsible Wednesday to not paying greater than $1 million in employment taxes to the IRS, based on federal prosecutors.

From at the least the primary quarter of 2010 by way of the top of 2019, the corporate withheld Social Safety, Medicare and earnings taxes from the wages paid to its workers, based on prosecutors.

Prosecutors stated Comeau was accountable for guaranteeing these funds had been reported and paid to the IRS however didn’t accomplish that. Altogether, he brought on a tax loss to the IRS of about $1.15 million.

Comeau can be sentenced on April 30. He faces a most penalty of 5 years in jail, in addition to a interval of supervised launch, restitution and financial penalties.

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