Reno man sentenced for tax fraud

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Updated: 1/18/2013 6:37 pm
RENO, Nev. (KRNV & -- A Reno businessman was sentenced Wednesday, Jan. 16 to 27 months in prison for tax fraud, according to the Internal Revenue Service.Paul Bryan Reddis was ordered to pay $678,321.55 in restitution by U.S. District Judge Howard D. Mckibben.

On October 17, 2012, the IRS says Reddis pled guilty to one count of willful failure to pay over payroll tax he collected from employees to the IRS.

According to the plea agreement, Reddis owned and operated Clone King Trucking, Inc. (CK Trucking) from 1988 to December 2007. CK Trucking began operations in San Jose, California. The defendant moved the business to Reno, Nevada sometime around 2000. CK Trucking was a long haul trucking company that contracted with North American Van Lines (NAVL) to haul High value Shipments.

Beginning with the third quarter of 2003 and continuing through the end of December 2007, the IRS says the defendant continued to withhold payroll taxes from his employees’ salary, but did not properly account for these taxes by filing the required quarterly IRS Forms 941, nor did he pay over to the IRS the payroll taxes that he withheld. The total amount of FICA and income taxes that the Government claims the defendant failed to account for and pay over to the IRS is $678,321.55. This amount includes the FICA and income taxes withheld from the employees and the employer’s FICA taxes that the defendant also failed to account for and pay over. The defendant acknowledges that he willfully used the withheld funds for his own personal use.

0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!

Featured Segments/Shows

All content © Copyright 2015 Intermountain West Communications, LLC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.