Associated Press Published

Couple Indicted for Failing to Pay Employee Payroll Taxes

Cash Money

A federal grand jury has indicted a Wayne County couple accused of failing to pay employee payroll taxes.

The U.S. Attorney’s Office announced the indictment against Michael and Jeanette Taylor on Wednesday.

The couple is charged with conspiracy to defraud the US by withholding roughly $1 million from the IRS in payroll taxes from employees’ paychecks at Taylor Contracting from 2007 to 2009.

The Taylors are also accused of withholding over $161,000 in payroll taxes from employees’ paychecks at Bluegrass Aggregates in 2010.

They own both businesses.

Investigators say the money withheld was used for personal benefit.

The Taylors also face one count of willfully failing to truthfully account for and pay employment taxes withheld for their employees at Taylor Contracting.

It isn’t clear whether they have an attorney.