Ms. Larkin was convicted in June of withholding income, Social Security and Medicare taxes from her employees’ wages from 2004 to 2009, without paying these taxes to the Internal Revenue Service. As a result, the IRS issued trust fund recovery penalties against Ms. Larkin.
Ms. Larkin concealed her assets and evaded the penalties for years, going so far as to change the name of her business and put the business in someone else’s name.
Though she evaded $1.6 million in taxes, she will have to pay $1.15 million in restitution and serve three years of supervised release after she completes her prison time.
More articles on legal and regulatory issues:
‘Getting sued is a matter of when, not if, for physicians’: 7 report findings
Change Healthcare, WebMD settle data licensing litigation
Georgia health system reaches settlement with Savannah Morning News
