Mo. Business Owner Sentenced for Tax Fraud
KANSAS CITY - A northwest Missouri businessman has been sentenced to two years and three months in federal prison without parole for filing false income tax returns while maintaining an extravagant lifestyle.
The U.S. Attorney's office says 49-year-old Christopher Huffman, of Lexington, was also ordered on Tuesday to pay $484,505 in restitution.
Huffman, the owner of IG Construction, admitted in February that he under reported the gross receipts for his business for tax years 2006 through 2008. He claimed business expenses almost equal to his gross receipts, making his reported income low enough to claim the earned income tax credit.
During those years, Huffman owned a 4,000-square-foot house with a 13-car garage that he valued at $1.6 million.
Huffman under-reported his gross receipts by a total of $1.3 million.