LITTLE ROCK, Ark. – Chris Michael Guidry, 44, of Drasco, Ark., was indicted for allegedly failing to pay over employment tax, according to the Eastern District of Arkansas.
Guidry, the sole member and owner of Top Drive Solutions, LLC, and the sole officer of TDS Corp., a pair of oil and gas consulting businesses, was required to withhold from the wages of his employees the employees’ share of FICA taxes and income taxes, to account for the taxes, and to pay the withheld amounts over to the United States.
According to the indictment, Top Drive Solutions and TDS Corp. withheld taxes from its employees’ paychecks, including federal income taxes, Medicare, and Social Security taxes, but failed to pay those withheld taxes to the IRS throughout the calendar years 2012, 2013, 2014, 2015, and 2016.
It is alleged that Guidry caused Top Drive Solutions and TDS Corp. to make thousands of dollars of expenditures for his own personal benefit while, at the same time, failing to pay over to the IRS at least $663,872.41 in payroll taxes withheld from his employees’ paychecks.
Guidry was required to collect, truthfully account for, and pay over their payroll taxes to the Internal Revenue Service, but he failed to do so.
The indictment charges Guidry with 11 felony counts of willful failure to pay over tax.
Guidry appeared before United States Magistrate Judge Jerome T. Kearney and was released on bond. Trial is set for May 13, 2019.
The investigation was conducted by IRS Criminal Investigation. This case is being prosecuted by Assistant United States Attorney Chris Givens from the Eastern District of Arkansas.
An indictment only contains allegations. A defendant is presumed innocent unless and until proven guilty.
This case is a clear example of the IRS-Criminal Investigation’s commitment to holding individuals accountable for their failure to pay taxes.
Key Facts
- State: Arkansas
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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