BRIEFLY BUSINESSWOMAN BOUND FOR PRISON.A Simi Valley Simi Valley (sē`mē, sĭm`ē), city (1990 pop. 100,217), Ventura co., SW Calif. in an oil, fruit, and farm region; laid out 1887, inc. 1969. woman who owned a local chain of women's clothing stores has been sentenced to five months in federal prison for underreporting income on two years of tax returns, officials said Tuesday. Myung Sook Kim, 46, will serve five months of home detention The act of keeping back, restraining, or withholding, either accidentally or by design, a person or thing. Detention occurs whenever a police officer accosts an individual and restrains his or her freedom to walk away, or approaches and questions an individual, or stops an following her prison term, officials said. Her husband, Dong Chol Kim, also was sentenced to two years' probation probation, method by which the punishment of a convicted offender is conditionally suspended. The offender must remain in the community and under the supervision of a probation officer, who is usually a court-appointed official. , including five months of home detention. The Kims pleaded guilty in January, admitting that they understated their gross receipts the total of the receipts, before they are diminished by any deduction, as for expenses; - distinguished from net profits. - Bouvier. See under Gross, a. os> See also: Gross Receipt and business income in 1992 and '93 by about $300,000. They have paid about $44,000 in back taxes, officials said. The couple operated three stores under the names of Kim's Fashion and The Expression in Simi Valley and Saugus. Also Monday, the Kims' accountant pleaded guilty to knowingly providing false documents to the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. . He faces a year in prison and a $10,000 fine when he is sentenced in July. - Daily News Simi Valley to aid seniors with rent SIMI VALLEY _ The City Council has unanimously approved a rent subsidy subsidy, financial assistance granted by a government or philanthropic foundation to a person or association for the purpose of promoting an enterprise considered beneficial to the public welfare. program for low-income senior citizens who live in mobile homes. The program approved Monday night reduces the residents' rent, which averages $300 to $350 per month, by the amount it has been raised over the past three years. It also will pay up to 75 percent of future rent increases. To qualify for the program, seniors must be paying at least 30 percent of their income on rent. The first year of the program will cost an estimated $54,000, city staffers said. The ongoing costs of the program, which will be re-evaluated in three years, are expected to increase by about 5 percent annually. - Daily News |
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