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[vc_row][vc_column][vc_column_text]Terra Ferguson, a resident of New London, North Carolina, was sentenced to 14 months in prison after she plead guilty to one count of failing to collect, account, or pay for payroll taxes.
Court documents show that from 1992 through September 2016, Ferguson, was employed as the office manager at a pediatric office, where she had control over the office’s finances. Part of Ferguson’s responsibilities included collecting, accounting for, and paying to the IRS the payroll taxes which were deducted from the employee’s wages.
From March 2011 through September 2016, Ferguson withheld approximately $78,937 in payroll taxes and an additional $35,472 for the employer’s share of employment taxes that should have been reported to the IRS. Instead, Ferguson used the money to pay her personal credit cards, funding personal business ventures involving a mountain cabin rental and bar, personal vacations and issuing checks to herself in the amount of $1.4 million, all from the business’ bank accounts.
In addition to incarceration, Ferguson will serve three years of supervised release and pay restitution in the amount of $374,101.[/vc_column_text][us_image image=”776″][us_sharing providers=”facebook,twitter,linkedin”][/vc_column][/vc_row]
