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How a Jacksonville Businessman Evaded $3.7M in Federal Taxes
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Subscribe26 JAN 2026 / ACCOUNTING & TAXES
Phillip Mak, a businessman from Jacksonville, pleaded guilty to attempted tax evasion after not paying federal income tax on more than $10 million he earned between 2008 and 2020, and then attempting to move money and assets out of government reach. The case highlights the consequences of tax non-compliance, criminal activity, and underlines the importance of understanding the implications of financial decisions made during active IRS collection.
Earning more than $10 million and paying zero federal income tax for over a decade is not a paperwork oops. It is a ticking clock. That clock finally ran out for Phillip Mak, a Jacksonville-area businessman who pleaded guilty to attempted tax evasion...
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