Old Hickory Resident Arrested for Income Tax Evasion

NASHVILLE - The Special Investigations Section of the Tennessee Department of Revenue conducted the investigation that led to yesterday’s arrest of Michael C. Davis, age 57, in Old Hickory, Tenn. Davis was arrested by special agents at his home in Old Hickory.

 

On March 8, 2010, Davis was indicted by a Wilson County Grand Jury on two Class E felony counts of tax evasion in violation of Tenn. Code Ann. Section 67-1-1440(g). The indictment charges that in 2007 and 2008, Davis intentionally failed to file Tennessee Hall Income tax returns and failed to report income tax due of $9,421.92. Davis claimed in official state documents he was a resident of the state of Texas.

 

If convicted, Davis could be sentenced to a maximum of two years in the state penitentiary and fined up to $3,000 for each count.

 

“The Department of Revenue is committed to applying Tennessee’s tax laws and policies uniformly to all taxpayers to ensure a level playing field,” said Revenue Commissioner Reagan Farr. “The department cannot and will not allow people engaged in fraudulent tax activities to have a competitive advantage over honest businesspeople.”

 

This case was pursued criminally by the department in cooperation with Wilson County District Attorney Tommy Thompson’s office. Citizens who suspect violations of the Tennessee 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 established by the legislature and the collection of taxes and fees associated with those laws. The Department of Revenue collects approximately 92 percent of total state tax revenue. During the 2008-2009 fiscal year, the department collected $10.2 billion in state taxes and fees. In addition to collecting state taxes, $1.9 billion of local sales tax was collected by the department for local governments during the 2008-2009 fiscal year.Besides collecting taxes, the department enforces the revenue laws fairly and impartially in an effort to encourage voluntary taxpayer compliance. The department also apportions revenue collections for distribution to the various state funds and local units of government. To learn more about the department, log on to www.TN.gov/revenue.

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View this news release online. Go to www.TN.gov/revenue and click on Newsroom.