![[US] New Jersey businessman admits failure to pay $10m payroll taxes](http://gpa.net/cdn/shop/articles/bigstock-Washington-DC--Department-of--93697817_1200x.jpg?v=1691732904)
On August 9, U.S. Attorney Philip R. Sellinger announced that an Ocean County, New Jersey, man had admitted failing to pay over $10 million in payroll taxes resulting from his ownership of several businesses, U.S. Department of Justice reports.
Josef Neuman (37) pleaded guilty before U.S. District Judge Michael A. Shipp to an information charging him with willful failure to pay payroll taxes for one of his businesses in 2018.
Documents filed in this case and statements made in court reportedly stated the following:
Mr Neuman was the CEO of a business in Lakewood. The company provided administrative services to operators of nursing homes and other healthcare facilities, including a minimum of approximately 20 entities co-owned and operated by Mr Neuman.
As a person who controlled the companies’ financial affairs, Mr Neuman had the responsibility to collect, truthfully account for and pay over to the IRS the companies’ payroll taxes. During tax years 2017 and 2018, Mr Neuman failed to pay the IRS more than $10 million in payroll taxes owed by the companies.
Mr Neuman reportedly knew that payroll taxes were due and owing to the IRS but he continued to pay other business expenses and employee salaries, rather than the unpaid taxes, while tax liabilities continued to accrue.
The charge to which Mr Neuman pleaded guilty carries a maximum penalty of five years in prison and a maximum fine of $10,000. Sentencing has been scheduled for December 13, 2023.
Source: U.S. Department of Justice
On August 9, U.S. Attorney Philip R. Sellinger announced that an Ocean County, New Jersey, man had admitted failing to pay over $10 million in payroll taxes resulting from his ownership of several businesses, U.S. Department of Justice reports.
Josef Neuman (37) pleaded guilty before U.S. District Judge Michael A. Shipp to an information charging him with willful failure to pay payroll taxes for one of his businesses in 2018.
Documents filed in this case and statements made in court reportedly stated the following:
Mr Neuman was the CEO of a business in Lakewood. The company provided administrative services to operators of nursing homes and other healthcare facilities, including a minimum of approximately 20 entities co-owned and operated by Mr Neuman.
As a person who controlled the companies’ financial affairs, Mr Neuman had the responsibility to collect, truthfully account for and pay over to the IRS the companies’ payroll taxes. During tax years 2017 and 2018, Mr Neuman failed to pay the IRS more than $10 million in payroll taxes owed by the companies.
Mr Neuman reportedly knew that payroll taxes were due and owing to the IRS but he continued to pay other business expenses and employee salaries, rather than the unpaid taxes, while tax liabilities continued to accrue.
The charge to which Mr Neuman pleaded guilty carries a maximum penalty of five years in prison and a maximum fine of $10,000. Sentencing has been scheduled for December 13, 2023.
Source: U.S. Department of Justice
