He used a check-cashing service to avoid the IRS.
A Connecticut man who pleaded guilty to tax evasion was sentenced to six months in prison, six months of home confinement, three years of supervised release, and 90 hours of community service.
According to court records, Michael C. Monroe, 48, of Norwalk, Connecticut, operated a construction business. From 2008 through 2013, Monroe owed substantial unpaid income taxes and penalties to the IRS. In 2014, the IRS levied the business bank account used by Monroe as the operating account for his construction company.
Monroe subsequently closed his business bank account and, between approximately November 2014 and November 2017, evaded payment to the IRS of his preexisting tax obligations by using a check-cashing service to cash approximately $1.5 million in customer checks paid to his business.
For the 2014 and 2015 tax years, Monroe failed to report to the IRS a total of more than $700,000 that his business generated in gross revenues.