For Immediate Release: Jan. 16, 2014
Knox County Businessman Pleads Guilty to Sales Tax Evasion
Knoxville, Tenn. - Vincent Reed Jones, 55, owner of Best Deals Auto Sales located in Knoxville, Tenn., pled guilty to one felony count of sales tax evasion in Knox County Criminal Court on Tuesday.
Knox County Judge Bobby McGhee sentenced Jones to five years unsupervised probation and ordered him to pay $17,562.50 restitution to the state for sales tax owed. The Special Investigations Section of the Tennessee Department of Revenue conducted the investigation that led to Jones' plea and sentencing.
"This investigation serves as a reminder that retailers are not entitled to use or keep sales tax monies," said Revenue Commissioner Richard H. Roberts. "Sales tax revenues collected by retailers are never property of the retailer and are always the property of our state and local governments. These taxes must be remitted to the state as required by law."
The department pursued the criminal case in cooperation with District Attorney General Randall Nichols' office. Citizens who suspect violations of Tennessee's revenue laws should call the toll-free tax fraud hot line at (800) FRAUDTX (372-8389).
The Department of Revenue is responsible for the administration of state tax laws and motor vehicle title and registration laws and the collection of taxes and fees associated with those laws. The department collects about 87 percent of total state revenue. During the 2013 fiscal year, it collected $11.7 billion in state taxes and fees and more than $2.2 billion in taxes and fees for local governments. To learn more about the department, visit www.TN.gov/revenue .