Business ProfileforK Botanicals
Current Alerts For This Business
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On June 7, 2024, the United States District Court Western District of Texas Austin Division adjudged John L. Petrone guilty of tax evasion. The United States determined Petrone evaded federal income taxes for years while owning and operating a business. Petrone failed to file income tax returns, failed to withhold taxes from his and his employees' wages, used business funds to pay for personal expenses, and lied to the IRS when audited causing a tax loss of more than a half million dollars.
Petrone agreed to pay restitution to the IRS of $529,551 for accounting for the total tax loss and was sentenced to 37 months in prison, and three years of supervised release.
At-a-glance
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Business Details
- Location of This Business
- 212 W Main St, Round Rock, TX 78664-5828
- BBB File Opened:
- 2/2/2016
- Years in Business:
- 9
- Business Started:
- 2/10/2015
- Type of Entity:
- Sole Proprietorship
- Business Management
- Mr. John Petrone, Owner/Manager
- Contact Information
Principal
- Mr. John Petrone, Owner/Manager
Customer Contact
- Mr. John Petrone, Owner/Manager
Customer Complaints
0 Customer Complaints
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