Kevin Alexander, Tax Evasion, Iowa 2024

Kevin Alexander, the owner of a Sergeant Bluff, Iowa, construction firm, pleaded guilty to tax evasion in a shocking turn of events. According to court documents and statements made in court, Alexander, 62, of Sioux City, owned K&L Construction, Inc., a landscaping and construction company.

As the sole shareholder and president of K&L Construction, Alexander was responsible for filing quarterly employment tax returns and collecting and paying over to the IRS payroll taxes withheld from employees’ wages. However, from the second quarter of 2014 through the first quarter of 2017, K&L Construction paid approximately $3.8 million in wages to its employees and withheld approximately $1 million in payroll taxes, but the company did not pay over any of these withholdings to the IRS.

During IRS collection proceedings, Alexander accepted responsibility for paying K&L Construction’s outstanding tax balance. Alexander, however, submitted a false form to the IRS that concealed some of his assets. As part of his plea agreement, Alexander admitted that he submitted the false form for the purpose of concealing assets and evading payment of K&L Construction’s outstanding payroll tax liability.

Kevin Alexander is scheduled to be sentenced at a later date and faces a maximum penalty of five years in prison for tax evasion. He also faces a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

Acting Deputy Assistant Attorney General Stuart M. Goldberg and U.S. Attorney Timothy T. Duax made the announcement. IRS-Criminal Investigation is investigating the case.

Assistant U.S. Attorney Ron Timmons of the Northern District of Iowa and trial attorney Meredith Havekost of the Tax Division are prosecuting the case.

The case highlights the importance of tax compliance and the consequences of evading taxes. Tax evasion is a serious crime that can result in severe penalties, including imprisonment and financial fines.

As a reminder, tax evasion is a federal crime that carries a maximum penalty of five years in prison. It is essential for individuals and businesses to file accurate tax returns and pay their taxes on time to avoid any legal consequences.

Kevin Alexander’s case serves as a warning to those who may be tempted to evade taxes. It is never worth the risk, as the consequences can be severe and long-lasting.