United States of America v. Mitchem
Filing
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CONSENT ORDER AND ENTRY OF JUDGMENT in favor of United States of America against Jarrett D. Mitchem. Signed by District Judge Martin Reidinger on 3/6/2018. (kby)
IN THE UNITED STATES DISTRICT COURT FOR THE
WESTERN DISTRICT OF NORTH CAROLINA
ASHEVILLE DIVISION
UNITED STATES OF AMERICA,
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Plaintiff,
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v.
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JARRETT MITCHEM,
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Defendant.
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_________________________________ )
Case No. 1:17-cv-00139-MRDLH
ORDER AND ENTRY OF JUDGMENT
This cause comes before the Court on consent of the parties, the United
States of America and Jarrett Mitchem. The parties agree that the United States is
entitled to entry of a final judgment in its favor and against Jarrett Mitchem with
respect to the penalty assessed against him for his failure to report his interest in a
foreign bank account.
Accordingly, JUDGMENT is hereby rendered in favor of the United States
and against Jarrett Mitchem with regard to the 2005, 2006, 2007, and 2008 tax
years for his failure to report his financial interest in a foreign bank account, as
required by 31 U.S.C. § 5314 and its implementing regulations, in the amount of
$2,223,676.81 consisting of the penalty under 31 U.S.C. § 5321(a)(5) in the
amount of $2,075,227, accrued interest under 31 U.S.C. § 3717(a) in the amount of
$21,207.12 as of February 2, 2017, and an accrued late payment penalty under 31
U.S.C. § 3717(e) in the amount of $127,242.69 as of February 2, 2017. Interest
continues to accrue under 31 U.S.C. § 3717(a) from February 2, 2017 until fully
paid. The late payment penalty continues to accrue under 31 U.S.C. § 3717(e) at a
rate of 6% per year from February 2, 2017 until fully paid. It is further ORDERED
that the parties shall bear their own costs in this matter, including any attorney’s
fees.
IT IS SO ORDERED.
Signed: March 6, 2018
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The plaintiff, the United States of America, and the defendant, Jarrett
Mitchem, hereby consent to this final judgment.
Date:
2/21/2018
RICHARD E. ZUCKERMAN
Principal Deputy Assistant Attorney General
/s/ Katherine M. Reinhart
KATHERINE M. REINHART
Trial Attorney, Tax Division
U.S. Department of Justice
Post Office Box 227
Washington, D.C. 20044
202-307-6528 (v)
202-514-6866 (f)
Katherine.Reinhart@usdoj.gov
Counsel for the United States
Date:
2/21/2018
/s/ Wes J. Camden
WES J. CAMDEN
Ward and Smith, P.A.
P.O. Box 33009
Raleigh, N.C. 27636-3009
919-277-9100 (v)
919-277-9177 (f)
wjcamden@wardandsmith.com
Counsel for Jarrett Mitchem
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