A Ladson man turned himself in to S.C. Department of Revenue investigators Thursday morning after allegedly evading taxes for five years.
Paul Reed Adams Jr., 45, of Ponderosa Drive is charged with five counts of attempt to evade or defeat a tax and owes the state $29,375 after not filing a state income tax return for five years, according to a media release from the Revenue Department.
Adams’ charges cover the period from 2009 through 2013 when his earned gross income totaled $547,187. During that time, he had little to no taxes withheld from his pay by claiming an exempt status on W-4 forms he submitted to his employer, the release states.
The department would not release where Adams was employed.
He is the 12th person to be arrested by the state in the past two weeks on tax-evasion charges, according to the state. On Jan. 7, investigators arrested five Greenville County residents and six Richland County residents for failing to file state income tax returns.
Those individuals, along with Adams, collectively owe the state $173,117 in back taxes.
Each defendant faces up to $10,000 in fines and five years in prison for each of their charges. Adams is being held at the Charleston County jail on $100,000 bail, according to online records.
The recent arrests are part of an “ongoing and focused effort” by the Revenue Department to hold noncompliant taxpayers accountable to the law.
To report suspected tax fraud, residents can call the department at 803-898-5626 or visit dor.sc.gov. Tipsters may remain anonymous.
A resident or business with delinquent tax filings not under investigation can also come forward to file returns and avoid criminal prosecution through voluntary disclosure by contacting the department at 803-898-5640.
Reach Melissa Boughton at 937-5594 or at Twitter.com/mboughtonPC.