Las Vegas man pleads guilty to tax evasion for pandering income
A Las Vegas man pleaded guilty in federal court Tuesday to tax evasion for income earned from pandering and living from the earnings of a prostitute, according to the Internal Revenue Service.
Johnny Ray Taylor, 34, was charged with one count of tax evasion for the year 2010 and entered a plea agreement. He agreed to pay $117,559.82 in restitution to the Internal Revenue Service for income earned during 2008, 2009 and 2010.
According to court documents, Taylor received $230,000 in gross income in 2010 alone and evaded an income tax of approximately $63,966.
Taylor admitted that the government could prove beyond a reasonable doubt that he earned more than $10,000 in income in 2010 from pandering and living from the earnings of a prostitute.
He was able to conceal his income by having third parties pay his car loan and house payments. He also conducted other financial transactions in cash.
Contact reporter Caitlyn Belcher at cbelcher@reviewjournal.com or 702-383-0264.
