OKLAHOMA CITY (AP) — Federal prosecutors say an Oklahoma City woman has pleaded guilty to evading about $1 million in taxes.
Janis Ann Edwards entered the plea Friday in federal court. U.S. Attorney Mark Yancey says Edwards was accused of not paying payroll taxes that her companies had collected from small businesses.
Edwards acknowledged her guilt in court papers and says she is pleading guilty to resolve the issue. She says in court papers that she intended to use the tax money to pay other company expenses and that she'd hoped to be able to catch up on the back taxes, but was unable to do so.
Edwards, who is 67, faces up to five years in federal prison and a fine of $250,000.