Admits Failing to Pay $125,000 in Income Taxes
EUGENE, Ore. - Shane Reed, 53, of Rogue River, Oregon, pleaded guilty in U.S. District Court in Eugene to willfully failing to pay $125,000 in federal income taxes. He was sentenced to five years of probation.
Reed admitted that in 2006, 2007 and 2008 he filed U.S. Income Tax returns reporting a total of $880,000. Based on that income he owed $129,000 in income taxes and did not pay those taxes. Rather, he used his substantial earnings to fund a lavish lifestyle that included mortgage payments on a million dollar home with a heated swimming pool, $110,000 in vehicle expenditures, and $40,000 to pay for purchases at high end retail stores.
According to court records, Reed has since paid all of his taxes for 2006-2008, but still owes the IRS about $150,000 in back taxes for 2012 and 2013. As a part of his probation, the Court ordered Reed to pay all of his taxes and to comply with all tax laws required to lawfully operate his law practice. Reed was additionally ordered to perform 250 hours of community service.
U. S. Magistrate Judge Thomas Coffin presided over the case, which was investigated by the Internal Revenue Service - Criminal Investigations, and prosecuted by Assistant U. S. Attorney Chris Cardani.
Source: U.S. Department of Justice, Office of the United States Attorneys
