Never lie to the Internal Revenue Service (IRS). (Falsifying information about your earnings is not a good idea at all.) A New Hartford businessman tried to avoid paying taxes by reporting incorrect earnings on his business tax returns, but eventually, the IRS caught him in a lie.
The IRS takes enforcing the country’s tax law very seriously. Whether a crime involves billions, millions or thousands of taxpayer dollars, the agency puts an emphasis on catching fraudsters who try to take what is not theirs.
The man at the center of today’s ”Fraud of the Day” willfully evaded paying taxes on his businesses for three years. He underreported his earnings and hoped that the IRS would not notice. (He probably forgot that the agency has some pretty complex reporting rules plus W-2’s and Form 1099’s that can be used as checks and balances.)
The 57-year-old admitted he earned more than what he had reported on his business federal income tax returns. He was sentenced to three years of probation and must perform 60 hours of community service. He will also have to pay $284,000 in taxes, interest and penalties to the IRS.
This man was naÃ¯ve to think that he could get away with supplying incorrect information on his tax returns without getting caught. By willfully disobeying the tax law, he has committed a felony and will be labeled a criminal. Let’s hope he has learned the lesson that telling the truth is always the best option.
Source: Today’s ”Fraud of the Day” is based on an article entitled, ”New Hartford businessman sentenced for tax fraud,” published by the Observer-Dispatch on October 18, 2016.
SYRACUSE A New Hartford businessman was sentenced for tax fraud Tuesday in U.S. District Court in Syracuse.
According to the U.S. Attorney’s office, 57-year-old Dino Tucciarone of New Hartford was sentenced to serve three years’ probation, perform 60 hours of community service and was ordered to pay $284,000 in taxes, interest and penalties to the Internal Revenue Service.