The owner of a trucking company in southern West Virginia admitted to neglecting to deduct federal employment taxes from his employees wages, according to U.S. Attorney Booth Goodwin.
Richard L. Bailey Jr., operator of Duster Trucking Company LLC., a coal-hauling business in Fayeteveille, pleaded guilty to two federal tax charges in Charleston’s U.S. District Court.
By federal law, Bailey was required to collect social security and Medicare taxes from his employee’s paycheck, then pay those taxes to the government.
He failed to acquire taxes in the amount of $16,170.23 in 2009 and another $16,170 again in 2010.
Bailey is scheduled to appear in court on October 1, 2014, where he will face a maximum sentence of five years in federal prison.