Former Dorchester County Business Owner Arrested on Tax Charges
Columbia, SC (May 23, 2013) --- Investigators with the SC Department of Revenue (DOR) today arrested a Summerville man on nine counts of failure to properly collect withholding tax.
Timothy Spivey, 50, is currently being held at the Carl Knight Law Enforcement Complex in Summerville pending a bond hearing.
As the former owner and operator of two construction site cleanup services, Spivey deducted and collected state income tax from employee wages, but failed to remit income tax payments to DOR.
On behalf of the former companies, Spivey failed to file necessary tax returns and truthfully account for state income taxes withheld in the amount of $153,643.64 for tax years 2004 through 2010.
If convicted of the charges, Timothy Spivey could face up to $90,000 in fines and/or up to 45 years in prison.