The waterslide owner provided his real financial information to an undercover federal agent.
The owner of a Missouri waterslide attraction pleaded guilty to making a false tax return.
Jerry Don Beebe, 67, owned and operated Beebe’s Roaring River Waterslide in Cassville, Missouri. Beebe admitted that he filed false federal income tax returns for tax years 2015 to 2018 because he did not want to pay additional taxes.
According to his plea, Beebe was interested in selling his business and met with an undercover federal agent, who was posing as a potential buyer. During the meetings, Beebe showed the undercover agent records documenting his company’s true gross receipts, which differed from what Beebe reported on his federal tax returns. Beebe’s records showed gross receipts of $135,282 for 2017 (when Beebe only reported $24,535 on his tax return) and gross receipts of $145,451 for 2018 (when Beebe only reported $29,172 on his tax return).
Beebe admitted that he routinely destroyed his business records. Beebe told the undercover agent that he was in “the mode of secrecy.” When showing the undercover agent his 2017 and 2018 records, Beebe said he was “gun shy” and wouldn’t have these records much longer. Beebe also dealt in large amounts of cash and told the undercover agent that he paid everything in cash that he could.
According to the terms of his plea, Beebe must pay $70,824 in restitution to the federal government in unpaid federal taxes from 2015 to 2018, $6,626 in unpaid Missouri income taxes from 2015 to 2018, and $13,232 in unpaid Missouri sales taxes from 2015 to 2018.
Do you have the support you need to manage your small business bookkeeping?
Contact us to schedule an appointment to speak with a local small business advisor.