SPRINGFIELD, Mo. -- A man who used to live in Branson West pleaded guilty in federal court to filing a false federal income tax return after earning more than $4 million but paying only $1,000 in taxes over a five-year period. Randall Pennington, 51, of Houston, Texas, waived his right to a grand jury and pleaded guilty before U.S. Magistrate Judge James England last Monday to a federal information charging him with filing a f! alse U.S. income tax return.
Pennington owned Total Balance Orthotics, which was in the business of selling orthotic shoe inserts. Pennington admitted that he earned more than $4 million during the five-year period from 2000 to 2004, for which he owed nearly $318,000 in income and self-employment taxes, but paid only $1,000 in taxes for 2002. Pennington pleaded guilty to filing a false 2002 income tax return in 2006, but under the terms of the plea agreement the court will consider the total tax harm from 2000 to 2004 as relevant conduct for purposes of determining an appropriate sentence.