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Justice News

Department of Justice
U.S. Attorney’s Office
Southern District of Iowa

FOR IMMEDIATE RELEASE
Tuesday, August 4, 2015

West Burlington Man Pleads Guilty to Tax Related Charges

DAVENPORT, IA – On August 3, 2015, William W. Peugh (Peugh), 62, of West Burlington, Iowa, entered guilty pleas to three counts of failure to file tax returns before United States Magistrate Judge Stephen B. Jackson, Jr., announced U.S. Attorney Nicholas A. Klinefeldt. On each count Peugh faces a maximum sentence of one year in prison, a maximum fine of $25,000, and a term of supervised release of not more than one year following any period of incarceration. A mandatory special assessment of $25 per count must be imposed by the sentencing court.

The charges arose due to Peugh’s failure to file income tax returns for calendar years 2008, 2009, and 2010. Peugh, who owned and operated WWPeugh Sales, received income through the sale of machinery for other companies. Peugh’s income is from commissions paid by these companies. In calendar year/tax year 2008, Peugh received approximately $400,000 in commissions resulting in a tax due and owing to the Internal Revenue Service. The due date for the 2008 Form 1040 was April 15, 2009. Peugh filed for an extension to October 15, 2009 but did not file a return. In calendar year/tax year 2009, Peugh received approximately $400,000 in commissions resulting in a tax due and owing to the Internal Revenue Service. No return was filed. In calendar year/tax year 2010, Peugh received approximately $360,000 resulting in a tax due and owing to the Internal Revenue Service. Again no return was filed.

Magistrate Judge Jackson accepted Peugh’s guilty pleas, and the Court has scheduled the sentencing hearing for December 16, 2015.

The case was investigated by the Internal Revenue Service - Criminal Investigation, and the case is being prosecuted by the United States Attorney’s Office for the Southern District of Iowa.

Topic(s): 
Tax
Component(s): 
Updated February 4, 2016