Las Vegas resident Maria Larkin, who owned and operated Five Star Home Health Care Inc. was indicted for attempted tax evasion.
From 2004 to 2009, Larkin failed to pay the Income, Medicare and Social Security taxes that were to be withheld from employee’s wages, otherwise known as the “trust fund tax”. If an employer doesn’t have a payroll service deduct and pay the taxes, then the employer holds these funds in trust until the amounts are paid over to the Internal Revenue Service. Instead, Larkin transferred those funds to personal funds and assets.
The indictment alleges that she purchased a home in the name of a nominee, engaged in currency transactions with banks in amounts less than $10,000 to avoid currency transaction reports, changed the name of her business and placed the business in the name of a nominee and provided false information to the IRS regarding her ability to pay the trust fund recovery penalties.
If convicted, Larkin faces a maximum of five years in prison, restitution and monetary penalties.