According to evidence presented in open court, William Rains failed to timely file his individual income tax returns for tax years 1997, 1999, and 2003-2006. Rains also filed false returns for 2000 and 2001, reporting zero income when he in fact he had earned income in those years. The Internal Revenue Service (IRS) assessed over $200,000 in taxes against Rains for all of these years, as well as for tax year 2008.

Now if that wasn't bad enough, William Rains then decide to handle his IRS collection matter, in a completely improper fashion.

•  He concealed his income and assets from the IRS by using multiple bank accounts, entities, a nominee, and a false IRS financial form.
• He also caused his wife to move money into accounts in her name and to purchase bank checks to prevent the IRS from collecting taxes he owed.

He is also ordered to serve 3 years of supervised release and to pay $207,634 in restitution to the IRS.