THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Friday, March 10, 1995 TAG: 9503100397
SECTION: LOCAL PAGE: B2 EDITION: NORTH CAROLINA
DATELINE: GATESVILLE LENGTH: Short : 29 lines
Gatesville businessman Larry James Stewart pleaded guilty this week in Wake County Superior Court to three counts of willfully attempting to evade North Carolina individual income taxes for 1990 through 1992.
Stewart, 53, is president and sole stockholder of Stewart SawWorks Inc.
A special agent with the Department of Revenue's Criminal Investigations Division testified that Stewart failed to report a total of $56,496 during those three years, including receipts Stewart took from his corporation and excluded from his tax return.
Testimony indicated Stewart cashed 114 checks made payable to the corporation and used the money for his personal expenses, according to a news release from the Revenue Department.
Superior Court Judge Stafford G. Bullock gave Stewart a five-year suspended sentence and three years of supervised probation. The judge also ordered him to pay a $5,000 fine and repay $7,496 to the Department of Revenue for taxes, penalties and interest.
Stewart also was ordered to perform 150 hours of community service. by CNB