New York business owner facing tax fraud charges
The man who runs Wings Over Ithaca has been charged with 26 counts of felony sales tax evasion. The 47-year-old Massachusetts man recently pleaded not guilty to the charges against him in Albany City Court.
Specifically, he’s charged with second-degree criminal tax fraud, second-degree grand larceny, third-degree criminal tax fraud and some 20 counts of offering a false instrument of filing. That’s according to New York’s Department of Taxation and Finance. The case is being prosecuted by the Albany County district attorney.
The man could spend as long as 15 years in prison. He could also be fined for twice as much as the taxes that he allegedly failed to pay. Prosecutors say that his business filed tax returns underestimating the amount of taxes he owed between 2010 and 2015. That underestimation, they say, totaled more than $221,000.
The acting commissioner of the state’s Department of Taxation and Finance said, “As this case shows, we take these accusations very seriously and will go to great lengths to ensure that those who fail to meet their obligation to collect and pay (New York State) sales tax face justice.” The restaurant has closed.
Local, state and federal authorities take the failure to pay appropriate taxes by individuals and businesses very seriously. Whether the lack of appropriate payment was unintentional or not, it’s essential that any charges of tax fraud or evasion be taken very seriously.
A New York attorney who is experienced in tax law can provide the guidance and support you need to deal with such charges and to help ensure that your legal rights are protected.
Source: Ithica Journal, “Wings Over Ithaca owner faces tax fraud charges,” Lois Wilson, Oct. 11, 2016