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Re: UtiliCom

Businessman faces charges for failing to pay payroll taxes


A local business operator is facing federal fraud charges for failing to pay more than $3 million in payroll taxes to the Internal Revenue Service.

Tony M. Tate, 44, of Findlay, was charged Monday in U.S. Northern District Court, Toledo.

According to a written statement, Tate, who is co-owner, vice president and operator of American Digital Technologies Corp. (ADT), a Findlay cable company, is accused of failing to account for and pay to the IRS $3,213,753 in payroll taxes that were due from Tate and ADT from the last quarter of 1998 through 2001.

According to records, $2,350,603 of the total amount were payroll taxes that Tate allegedly withheld from salaries of ADT employees. The remaining $863,150 was matching payroll taxes that ADT was required to pay the IRS.

Under federal law, employers are required to withhold employment taxes, including federal income tax, Social Security and Medicare taxes from their employees.

Employers must report income and employment taxes withheld from their employees on an employer's quarterly federal tax return and deposit those taxes to an authorized bank or financial institution pursuant to Federal Tax Deposit Requirements.

Employers are also responsible for filing a Federal Unemployment Tax Act (FUTA) return annually, and depositing those taxes.

The Criminal Investigation Division of the Internal Revenue Service investigated the case, which is being handled by Assistant U.S. Attorney Seth D. Uram.

Tate has not yet appeared in court on the fraud charges.

This is CABL.com posting #145396. Tiny Link: cabl.co/mLZg
Posted in reply to: UtiliCom by DONE RIGHT
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