Lawyer Indicted for Tax Evasion

Who: Knoxville attorney, John Threadgill

What: Indicted by Federal Grand Jury for paying personal expenses out of his law practice and deducted them as legitimate business expenses.

How Much: Threadgill was charged with evading $1.4 million in Federal income tax during the period of 1986-2004.

More Info: If convicted, Threadgill faces a fine of up to $100,000 and 5 years imprisonment. Clickhere for full article.

This is a very blatant example of tax fraud. I’m sure that the magnitude of the offense and the fact that the offender is an attorney played a major role in the IRS deciding to pursue him criminally. I suppose the legitimate forms of tax relief just did not seem as attractive to him at the time.

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