Virgin Islands Station Owner Faces Tax Evasion Charges
April 28, 2014 at 3:56 AM (PT)
JONATHAN COHEN, whose JKC COMMUNICATIONS, CLARA COMMUNICATIONS, and RADIO 95 own a cluster of stations in the VIRGIN ISLANDS, is facing charges that he failed to file corporate and individual tax returns for himself and his stations between 2004 and 2010, reports the VIRGIN ISLANDS DAILY NEWS.
COHEN was arraigned last WEDNESDAY in the case, which alleges that COHEN had tax returns prepared by his accountant but never filed them, with COHEN grossing an average of $1.8 million annually and netting $220,000, meaning that he would have owed about $373,000. He also failed to file Gross Receipts Tax returns that would equal over $514,000. COHEN posted bond to obtain his release.
COHEN's stations include AC WVIQ (SUNNY 99.5 FM), Classic Hits WMNG (MONGOOSE 104.9), and Urban WJKC (ISLE 95)/CHRISTIANSTED, ST. CROIX. He is also a 24.5% shareholder in CALEDONIA COMMUNICATION CORP., owner of Talk WSTX-A and Reggae WSTX-F/CHRISTIANSTED.