For More Information Contact:
DOR Public Affairs Office
(803) 898-5464 OR Adrienne Fairwell
FOR IMMEDIATE RELEASE
19 May 2008
Spartanburg County man arrested on tax charges
A Spartanburg businessman is in jail today after South Carolina Department of Revenue investigators arrested him on tax charges.
William L. Pace, 61, owner of Bill Pace Insurance, Inc, is being held at the Spartanburg County Detention Center pending a bond hearing. He is charged with two counts of failing to file state tax returns in 1999 and 2005.
The Department of Revenue investigation showed Pace had income of $178,918 in 1999 and a tax liability of $9,473 and income of $224,597 in 2005 and a tax liability of $10,614. Pace admitted his CPA had prepared his returns those years, but Pace failed to remit them or pay the taxes owed.
He is facing up to two years in jail and fines of up to $20,000 if convicted of the charges.