Las Vegas Dentist Drilled By IRS For Tax Evasion
Death and taxes, two things you’ll have a hard time avoiding. Dentists? Well, many avoid going to them for years. Well it turns out dentists have fears too, and one Las Vegas dentist may have had a fear of paying taxes to the IRS.
Starsmiles Children’s Dentistry had locations in Las Vegas and North Las Vegas (the latter of which did not have a good time on Yelp) and, according to the Internal Revenue Service, didn’t brush up on tax law.
Owner Timothy Wilson just pled guilty to charges of failing to pay payroll taxes that were withheld from employees to the IRS. These are taxes like income tax, Social Security and Medicare, otherwise known as FICA taxes. You heard that right… the taxes were withheld. But those dollars never made their way to the tax man.
In total, the Internal Revenue Service calculates that $289,654.63 were “withheld” by Wilson between 2011 and 2014.
What the Las Vegas dentist was supposed to do
Today, 15.3 percent of an employee’s gross earnings go to these so-called “FICA” taxes, with 12.4 percent going to Social Security and the remaining 2.9 percent going to Medicare. What you may not realize is the business and the employee split the cost down the middle. So for every dollar you pay into these programs, the business pays a dollar too. That’s not including income taxes which the feds will assess based on the brackets that employee falls under. Employees pay the entirety of that, however their employer is supposed to send them over to Uncle Sam. Wilson didn’t.
He’s facing a max of five years in prison along with likely parole afterwards and having to pay back the cash.
Taxes are like being chastised for not flossing. But getting caught by the IRS is like having 14 root canals.
Listen to Aimee+Shawn weekday mornings from 6-10 on 102.7 VGS
Follow the station on Instagram, Facebook, Twitter and TikTok!
Follow Aimee+Shawn on Instagram, Facebook, Twitter and TikTok!
