Fort Dodge man imprisoned for not paying federal taxes
CEDAR RAPIDS, Iowa (AP) — A central Iowa man has been imprisoned for not paying income taxes for at least five years and then avoiding paying his federal bill for the back taxes.
Prosecutors say 53-year-old Scott Wallace, of Fort Dodge, was sentenced Tuesday in U.S. District Court in Cedar Rapids to a year and a half. He’d pleaded guilty to attempting to evade and defeat the payment of taxes.
Court documents say Wallace ran a trucking business from 2000 to 2006 and didn’t pay returns for 2002 through 2006. The Internal Revenue Service later calculated that he owed nearly $131,000 in taxes for those years. Then, the documents say, Wallace evaded paying those taxes from 2008 through 2015.
Prosecutors say Wallace ultimately hid that he made more than $1.2 million from 2007 through 2014 so he could avoid having to pay his back taxes. In May 2016 a civil judgment against Wallace required him to pay nearly $314,000 in back taxes.