Ryan Patterson, an Arizona contractor, was sentenced to 20 months in prison, followed by three years of supervised release, for tax evasion.
Patterson, whose company specialized in remodels, directed customers to make checks out to him personally and deposited them into his personal checking accounts. He failed to report $1.9 million dollars in income and evaded nearly $550,000 in taxes. In 2014 he reported his taxable income at $11,843, which was underreported by $660,296.
In 2015 he underreported his taxable income by $785,586 and in 2016 by $765,610.
In 2016 he reported a loss of $38,000 on his tax return. That same year he purchased a primary residence for $445,000 in cash and made other extravagant purchases.
In addition to the prison sentence, Patterson was ordered to pay $436,195 in restitution to the IRS.
