Jack Allison, 60, Mexico, Mo., pled guilty to two counts of making and filing false tax returns before United States District Judge Carol E. Jackson, in St. Louis. Sentencing has been set for June 10.
According to court documents, Allison has been in the bail bonding business for many years, doing business in Mexico, Mo., as Allison Bonding. Allison admitted with his plea that he knew the taxable income reported for that business, (reported through American Guarantee Surety, Inc.), for each of the years 2004 through 2007 was substantially less than the taxable income that should have been reported. The total tax due for those years is $114,406.
“No matter what the source of income, all income is taxable,” said Sybil Smith, special agent in charge of IRS criminal investigation. “The prosecution of individuals who intentionally conceal income and evade taxes is a vital element of the IRS’ enforcement strategy.”
Each charge carries a maximum penalty of three years in prison and/or fines up to $100,000. In determining the actual sentences, a Judge is required to consider the U.S. Sentencing Guidelines, which provide recommended sentencing ranges.
This case was investigated by Internal Revenue Service Criminal Investigation. Assistant United States Attorney James E. Crowe, Jr. is handling the case for the U.S. Attorney’s Office.