Tampa Man Sentenced To Federal Prison For Tax Evasion

Tampa, Florida – In a shocking turn of events, Steven Headden Young, 55, of St. Petersburg, has been sentenced to 21 months in federal prison for tax evasion.

According to court documents, Young evaded a substantial portion of his personal federal income taxes for the years 2007 through 2011 by falsifying expenses to negate his income.

Young, who prepared and filed his own tax returns, created bogus business expenditures and deducted them from his Schedule C income. He provided the IRS with a false lease agreement and false invoices between his real estate company and a sham corporation, purportedly based in the Dominican Republic.

In addition to the prison sentence, Young was ordered to make restitution to the IRS in the amount of $509,455, and to file his corrected tax returns for tax years 2007 through 2011.

Young’s scheme to evade taxes also included falsely filing as head-of-household (HOH) to take advantage of the tax benefits of the HOH filing status when he was indeed married. HOH provides for less taxes and higher credits than when filing as single, married and filing jointly, or married and filing separately.

Young made false statements to the IRS about his marital status, claiming he was single, when he was married and living with his wife.

This case was investigated by the Internal Revenue Service – Criminal Investigation and the Treasury Inspector General for Tax Administration. It was prosecuted by Assistant United States Attorney Kelley C. Howard-Allen.

Steven Headden Young’s case serves as a reminder of the importance of honesty and integrity when dealing with tax returns. Tax evasion is a serious crime that can have severe consequences, including imprisonment and financial penalties.

The sentencing of Steven Headden Young is a significant blow to those who would seek to cheat the system. It is a testament to the hard work and dedication of the law enforcement agencies involved in the investigation and prosecution of this case.

Steven Headden Young, 55, of St. Petersburg, was sentenced to 21 months in federal prison for tax evasion.

Exact criminal charges: Tax Evasion.

City and state: Tampa, Florida.

Exact date: Not specified.

Sentence or outcome: 21 months in federal prison, ordered to make restitution to the IRS in the amount of $509,455, and to file his corrected tax returns for tax years 2007 through 2011.

Dollar amounts where applicable: $509,455.

Defendant/respondent real full name: Steven Headden Young.

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