san antonio – A New Braunfels businesswoman who failed to calculate and pay her taxes has been sentenced to 18 months in prison, the Justice Department announced Thursday.
Rachel Nicole Woolard, 50, was sentenced by a judge in federal court in San Antonio.
“Ms. Woolard made a conscious decision to avoid paying nearly $1 million in taxes so she could live a more luxurious lifestyle. She knowingly engaged in illegal activity and now They must pay the price,” said Ramsey E. Covington, Special Agent in Charge, IRS Criminal Investigation, Houston Field Office. “This ruling, delivered during tax season, underscores the dedication of CI and the U.S. Attorney's Office to ensuring that taxpayer criminals are held accountable for their actions.”
The Justice Department said Woolard owns and operates a medical staffing company called Reliance Therapy Staffing LLC. Additionally, from the first quarter of 2018 to the first quarter of 2020, he failed to accrue and overpay employment taxes over nine tax periods, resulting in a total tax loss of more than $924,000. Did.
Mr Woolard was ordered to pay the full amount of restitution to the US Treasury.
“Defendant largely ignored the financial responsibilities that come with owning and operating a business,” said Jamie Esparza, U.S. Attorney for the Western District of Texas. “It's important to understand your responsibilities when it comes to paying your taxes, especially in the midst of tax season. If you choose to pocket the taxes you owe, our IRS criminal investigation partners will hold you accountable for your fraudulent activity. We will expose and hold accountable with serious consequences.”
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