Colorado City Based Twin City Water Works Ordered to Pay $390,683 in Back Taxes
Phoenix, AZ – June 23, 2015 – (RealEstateRama) — Twin City Water Work, Inc., a Utah non-profit corporation that does business in Colorado City, Arizona, recently plead guilty to a class 6 undesignated Felony of Attempted Knowing Failure to File Tax with the Intent to Evade in the Superior Court of Arizona. As a result of the June 10, 2015 plea, the company will pay $390,683 in back taxes and penalties and will be placed on three years of probation.
$20,000 in fines will go to the Arizona Attorney General’s Office anti-racketeering fund, and $370,683.16 in restitution will go to the Department of Revenue to pay for the company’s Arizona corporate tax liability and interest for the tax year ending 1996 to the tax year ending in 2013.
Twin City Water acknowledged evading taxes in Arizona and will be required to submit proof of yearly federal and state tax filings, returns and reporting documents for future monitoring.
The Criminal Division of the Arizona Attorney General’s Office successfully prosecuted this case.
Contact: Ryan Anderson (602) 339-6208 or Ryan.Anderson (at) azag (dot) gov
