For Media Contact:
Public Affairs Office
Samantha Cheek (CheekS@sctax.org)
FOR IMMEDIATE RELEASEMay 26, 2011
Horry County couple arrested on tax charges
Myron D. and J. Russell Herring, residents of Loris, SC were arrested on Wednesday on felony sales tax charges.
South Carolina Department of Revenue investigators charged Mrs. Herring with five counts of sales tax evasion for the years 2001 through 2005 and Mr. Herring with five counts of criminal conspiracy to evade sales tax for years 2005 through 2009.
The investigation by the Department of Revenue found the sales tax license for Russell’s Stop & Shop located at 4635 Main Street in Loris was in the name of Myron Herring. The investigation also found that Russell Herring operated the business for his wife. Sales tax returns filed by the business for the years 2001 through 2009 consistently reflected an understatement of the taxable sales. The taxable sales reported by the Herrings for the years 2001 through 2009 were $373,670.00; the investigation found the taxable sales were actually $1,038,930.77. By failing to file accurate returns, the Herrings did not pay $33,231.74 in additional sales taxes.
If convicted of the charges, both the Herrings are each facing up to 25 years in prison and/or $50,000 in fines.
The Herrings were released on a Personal Recognizance bond of $25,000 each.