The U.S. Justice Department said Raymone Bain failed to pay income taxes owed from 2006 through 2008. During that period, she was responsible for daily operations of the Michael Jackson Co., including financial, public relations and marketing tasks. Court documents put the tax loss between $200,000 and $400,000. Under a plea agreement with the government, Bain agreed to pay the back taxes she owes and must file accurate returns covering five years starting in 2004 before her sentencing Aug. 31.

She pleaded guilty to two counts in federal court Wednesday. She could face up to a year in prison and a $100,000 fine for failing to file a federal tax return in 2008, and up to six months in prison and a $5,000 fine for failure to file a local city tax return in 2008.