Local man pleads guilty to failure to file tax returns
St. Louis, MO - CLINTON J. CALHOUN, St. Louis, MO, pled guilty to failing to file income tax returns for 2005 through 2007. He appeared before United States Magistrate Judge Nannette Baker.
From 2005 through 2007, Calhoun had taxable income totaling $270,430 and tax due and owing of $86,867, payable to the Internal Revenue Service. Despite having taxable income, he knowingly and willfully failed to file any form 1040 tax returns with the IRS as required. Calhoun acknowledged that he knew he was required to file his tax returns but did not do so. In 2011, after he learned he was under investigation, Calhoun had tax returns prepared for submission to the IRS.
"The term voluntary compliance means that each of us is responsible for filing a tax return when required and for paying the correct amount of tax," said C. Steve Howard, Acting Special Agent in Charge of IRS-Criminal Investigation.
He now faces a maximum penalty of one year in prison and/or fines up to $25,000. In determining the actual sentences, a Judge is required to consider the U.S. Sentencing Guidelines, which provide recommended sentencing ranges. Sentencing has been set for February 4, 2013.
This case was investigated by Internal Revenue Service-Criminal Investigation. Assistant United States Attorney John Bodenhausen is handling the case for the U.S. Attorney's Office.