GREENSBORO, N.C. (WBTV) – A Concord man has been sentenced to prison for wilfully failing to collect or pay over taxes, according to the U.S. Attorney’s Office for the Middle District of North Carolina.
Ronald McMurphy, 50, was sentenced Thursday, Dec. 12, to 18 months in prison. At the end of his active prison term, McMurphy will have a three-year supervised release term. He was also ordered to pay $712,017 in restitution. McMurphy pleaded guilty on Sept. 4, 2024, to failing to truthfully account for and pay over trust fund taxes, according to a news release.
Court documents show McMurphy was the president of McMurphy Hydraulics, Inc. and was required under law to account for and pay to the IRS employment taxes consisting of Social Security, Medicare and federal income taxes. From the first quarter of 2016 up to and including the third quarter of 2022, McMurphy willfully failed to do so on behalf of McMurphy Hydraulics, Inc.’s employees and amassed $438,502 in employer tax liability…