Posted: Nov 26, 2012 5:42 PM by Associated Press
SPRINGFIELD, Mo. (AP) - The owner of a former southwest Missouri business faces up to six years in prison after admitting he failed to pay certain federal taxes.
The U.S. Attorney's office says 46-year-old Paul Ray Rose Jr., of Highlandville, pleaded guilty Monday to two counts of failure to pay taxes.
Rose owned a Highlandville business that made foam-insulated cardboard boxes. In his plea, Rose admitted he withheld nearly $38,000 in taxes from employees' paychecks from 2006 to 2009 but never sent the money to the IRS.
He also admitted failing to pay more than $375,000 in federal income taxes on his own earnings over the same period.
A sentencing date will be set later.