advertisement

Missouri businessman pleads guilty to evading up to $7M in taxes

Tuesday, November 18, 2008 | 7:32 p.m. CST; updated 10:38 p.m. CDT, Wednesday, May 20, 2009

SPRINGFIELD, Mo. (AP) _ A southwest Missouri businessman pleads guilty to failing to pay up to $7 million in federal income and employment taxes.

Kyle Jon Thompson owns Branson Trailer Manufacturing in Ozark. He faces up to five years in federal prison after pleading guilty Tuesday in U.S. District Court in Springfield.

The 46-year-old business owner admitted failing to file federal income tax returns for his company or for himself from 1997 to 2006. His taxable income in 2006 was approximately $2.8 million.

Prosecutors said Thompson used various methods to conceal income, including paying his employees in cash. He also failed to pay taxes on more than a dozen vehicles, ranging from limousines to a Model-T Ford.

Thompson's plea agreement requires him to pay all taxes, interest and penalties before sentencing.

 


Like what you see here? Become a member.


Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.


Comments

Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.

advertisements