OLEAN, N.Y. (WIVB) – An Olean attorney will spend more than a year in prison for not paying taxes on his moving companies.
Between 2002 and 2008, 71-year-old Edmund Renaud ran two moving companies, beginning with Southern Tier Moving and Storage, Inc.
In 2002, the IRS determined the company owed $48,000 in unpaid federal payroll taxes. Renaud shut the business down and reopened it as Southern Tier Moving and Storage, LLC, and then failed to pay $86,000 in federal payroll taxes between 2002 and 2006.
When the IRS attempted to obtain payment, Renaud provided false information on bank accounts and assets, including a truck he received from “comp” credits at the Seneca Allegany Casino.
In 2007, Renaud offered to pay the IRS just $1,500 to settle the claims against him. But the Offer in Compromise was riddled with false claims, including that Renaud was out of business.
Authorities say not only was Renaud still receiving income from his company while not paying taxes, he was gambling heavily and receiving a workman’s compensation award of around $100,000.
Renaud was convicted of tax evasion and sentenced to 15 months in prison.