YOUR BUSINESS AUTHORITY
Springfield, MO
A Sparta man was sentenced yesterday for failing to pay more than $600,000 in federal taxes.
Jeffrey Allen, 52, was ordered to pay $758,517 in restitution and spend two years in federal prison without parole, according to a news release.
Allen, who worked for 21 years as an independent installer for satellite-based internet and television, has claimed a gross annual profit of $2.1 million, drawn $6,000 per month from the business and utilized contract labor with five contractors, according to court documents. The business was not named in the release.
Court documents indicate Allen underreported net income from his business and used company funds to pay personal expenses. By underreporting his income, Allen was able to illegally receive tens of thousands of dollars in federal benefits he was not entitled to, according to the release.
Allen pleaded guilty in September 2020 to one count of tax evasion. He admitted to evading $606,338 in federal taxes and $96,478 in state taxes from 2012 through 2017, according to the release.
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