Dayton, Ohio-based Vernon Glaser & Associates Owner and Operator Vernon Frederick Glaser II pleaded guilty to one count of failing to pay employment taxes and agreed to pay the IRS about $512,462 in restitution, WKEF/WRGT reports.
Here's what you should know:
1. Mr. Glaser ran the medical billing company between 2007 and 2016. He was responsible for preparing and filing employment and income tax returns, as well as for the remittance of taxes due.
2. He reportedly withheld the federal income taxes and FICA taxes from employees' pay within that time period.
3. He could face up to five years in prison and a fine of up to $250,000.
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