OMAHA – A northeast Nebraska man is accused of hiding his income from the federal government for seven years.
Sixty-two year old Daniel Kinnison, of Veridgre, was indicted in U.S. District Court in Omaha last week. Kinnison is charged with tax evasion.
In his indictment, investigators accuse Kinnison of transferring property to his son in order to keep the IRS from seizing it. They also say he funneled income from his business into his wife’s business and her business bank account in order to hide the income from the feds.
Investigators estimate that Kinnison owes over $301,000 in back taxes.
Kinnison could face a five-year prison sentence and a fine of up to $250,000 if convicted. His initial court appearance has been scheduled for December 11th.