Business owner charged with filing false corporate tax returns - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Local business owner charged with filing false corporate tax returns

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Eau Claire (WQOW) - An Eau Claire businessman is in trouble with the IRS for evading taxes. 

Jed Hart, the owner of the pickle bar, has been charged with filing false tax returns.

An indictment alleges that Hart under-reported the receipts for the business when he filed in 2008 through 2011. 

In June of 2012, the IRS showed up with a search warrant at the pickle. 

At the time, no information was released about their investigation. 

If Hart is convicted, he could face time behind bars and a seven-figure fine.


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Madison (News Release) - Jared Jerome Hart, 35, Altoona, Wis., is charged with four counts of filing false corporate tax returns and one count of structuring financial transactions.
 
The indictment alleges that between 2008 and 2011, Hart, the owner and sole shareholder of J&L Corporation of Eau Claire, which did business as the The Pickle Bar, underreported the gross receipts for the business in his Corporation Income Tax Forms for the tax years 2008, 2009, 2010, and 2011.
 
The indictment also charges Hart with structuring currency transactions with financial institutions from 2008 to 2011, to avoid the requirement of filing Currency Transaction Reports with the U.S. Treasury for cash transactions in excess of $10,000.
 
The indictment also seeks the forfeiture of $1.6 million if Hart is convicted of the structuring currency transactions offense charged in the indictment.
 
If convicted, Hart faces a maximum penalty of three years in federal prison on each count of filing false corporate tax returns, and five years in federal prison on the structuring count. The charges against him are the result of an investigation by IRS Criminal Investigation. The prosecution of this case will be handled by Assistant U.S. Attorney Meredith P. Duchemin.
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