|

Past due state taxes bring arrest

Guy Archbold
Guy Archbold

An El Dorado Hills Man was arrested on April 15 on charges of tax evasion.

A Franchise Tax Board press release stated that Guy Archbold, 62, a CEO for a software company, was charged with alleged tax evasion for failing to file state income tax for 2007, 2008, 2011 and 2012. He also allegedly failed to report more than $1.5 million income during those tax years. The press release alleges that Archbold owes the state approximately $78,000 in unpaid taxes plus penalties, interest and the cost of the investigation as restitution.

Each of the four felony counts carries a maximum of three years in state prison.

Despite many attempts by the FTP to contact Archbold, demanding that he file and pay his delinquent taxes, he failed to respond, the arrest warrant alleges.

The FTB contacts more than a million people each year who earned income in California but failed to file a state income tax return. Records of filed tax returns are compared to the more than 400 million income records the FTB receives each year from the IRS, banks, employers, state departments and other sources. Most cases are resolved in the FTB’s civil compliance programs.

Archbold was booked in the county jail on $78,000 bail. He has since been released and was arraigned on April 17.

Short URL: http://www.villagelife.com/?p=39498

This story falls on page "4"
Posted by on Apr 17 2014.
Last Login: Tue Sep 2 07:47:50 2014
Filed under Featured Stories, News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Comments are closed



Recently Commented

  • Barbara: Raelene will be the perfect Rose. She is gracious, giving, and a true inspiration!
  • Erin George: That Will is such a lovely delight ❤️. Sounds like an amazing trip all the way around!
  • liz: What is wrong with people. How hard is it to know what is right and what is wrong.
  • Dawn LeClair: The only reason Beth Gaines came in first is name recognition. She has been a no-show during the...
  • Andrew: I have heard that the county still has roughly 10,000 outstanding absentee ballots to add to the total vote...