U.S. Attorney Michael Dunavant announced Friday the owner of The Henry Polk Dental Group D.P.C. pleaded guilty to tax evasion. Forty-four-year-old Andrea M. Henry of Shelby County, Tennessee filed income taxes for 2005, 2006, 2008, 2010, 2011, 2012 and 2013, but failed to pay $113,781 in self-employment and income taxes, according to court documents.
Henry also did not withhold employment taxes from her employees’ paychecks for several quarters between 2006 and 2015. The IRS has found Henry liable for the unpaid unemployment taxes.
Henry spent the money due to the IRS on private school tuition, luxury cars and expensive housing. The IRS assessed more than $160,000 in trust fund recovery penalties against Henry, at which time she stopped utilizing personal bank accounts. She then began utilizing business accounts to pay her personal expenses.
In 2011, Henry transferred $130,000 to a “nominee buyer” for her home, entered a bogus lease agreement with the nominee and caused the nominee to repurchase the home for her. This was all prior to her home being foreclosed on. Henry utilized that nominee and others to lease and purchase exotic vehicles, including a Porsche Panamera and Dodge Viper.
Henry admitted to causing a tax loss of $528,882.07, according to court records. Her sentencing hearing is scheduled for January 12, 2018. She faces a maximum 5-year prison sentence, restitution, supervised release and monetary penalties.
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