Tax Resolution Times
October 19, 2020
Protecting YOUR Income and Assets since 1991
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Toniece King of Evanston, IL, pled guilty to one count of theft of government property and one count of false claim for refund of taxes. Between January 2015 and January 2017, King used her own name and the names and stolen social security numbers of others to file 36 fraudulent tax returns, claiming over $160,000.00 in refunds. Over $65,000.00 of the fraudulently claimed refunds were paid out, some of which were refunded in the form of prepaid debit cards amd were found in her possession.
King was sentenced to fourteen months imprisonment and ordered to pay $65,481.00 in restitution to the IRS. She must also serve a three-year term of supervised release after her prison term.
Dick Brocato and his wife Judith, owners of Superior Lawn Service in Beaumont, Texas, have each been sentenced to 33 months in prison after a jury found them guilty of conspiracy to defraud the United States for purposes of impeding the government functions of the IRS and six counts of making and submitting false tax returns.
The Brocatos started their business in 1981 and grew it to include eight full-time teams of lawn care specialists. The couple under-reported their income by $503,281.00 in 2012, $687,534.00 in 2013 and $513,498.00 in 2014. To facilitate their scheme, the Brocatos cashed numerous checks from customers instead of depositing them into the company’s accounts, then failed to report the cash on their tax returns.
In addition to their prison sentence, the Brocatos were ordered to pay restitution in the amount of $617,762.00 to the IRS and fines of $15,000.00, each.
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Sue O’Neill, controller for Marco Contractors in Pittsburgh, PA, has been sentenced to 64 months in prison for wire fraud and filing false income tax returns.
O’Neill embezzled approximately $8.7 million over a nine-year period from the family owned business. She used $6.7 million of the stolen money to open Bulldog Contractors with a partner, and the remaining $2 million went into her personal bank account.
O’Neill bought two 1969 Ford Shelby GT500s for $165,000.00, each, and spent $163,000.00 renovating a 1969 Ford Mustang. She also spent hundreds of thousands of dollars on a country club membership and jewelry and didn’t report any of the stolen funds on her tax returns.
In addition to the prison sentence, she is ordered to pay restitution of $8.5 million to Marco Contractors, $215,000.00 to another Marco controlled company, and $428,000.oo to the IRS.
If you have an IRS issue, or just want to refer a friend, relative or client, we’d love to hear from you. We can provide a no-obligation confidential consultation to help you solve your IRS problems. Call 877 4 IRS LAW today!
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Dr. Sanjay Kumar, whose medical practice in North Carolina treated patients with chronic pain, was sentenced to 20 years in prison for tax evasion, money laundering and unlawful distribution of opioids.
Finding himself on the brink of financial ruin after Blue Cross terminated his contract due to billing irregularities, Kumar fired his entire staff and became a one-man prescription writing machine. His new office hours were late afternoon and evening, and he only saw “patients” who paid him $200 cash for a monthly prescription of opioids. Dr. Kumar went from writing 100 prescriptions of controlled substances in 2011 to prescribing more than 1.2 million oxycodone pills alone between 2013 and 2016.
Kumar deposited the cash in multiple bank accounts, always making sure the deposits were under the minimum amount to trigger reporting to the Department of the Treasury. He spent over $175,000.00 on four cars, $70,000.00 at Best Buy, and hundreds of thousands of dollars in purchases from Amazon.
At his arrest, Kumar had $145,000.00 cash with him and another $450,000.00 was discovered in his home. Police also found 35 firearms and more than 40,000 rounds of ammunition.
Every year taxpayers enter into installment agreements with the IRS as a manner in which to pay down their debt. In 2019, taxpayers established 2.8 million new installment agreements and paid more than $13.9 billion toward all installment agreements, a slight increase over what was paid in 2018.
I could not do this without you and your referrals! Today I thank Neil's Tax Services located in Melrose Park for their recent referrals. Neil's Tax Service handles both individual and business returns. If you are looking for help with your tax returns, call them today at 708-562-6060.
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