A federal grand jury in Los Angeles has indicted Gabriel Guerrero, a business actual property agent primarily based in Los Angeles, on prices of tax evasion and obstructing the Inner Income Service (IRS) in its efforts to gather excellent taxes.
The indictment alleges that Guerrero didn’t well timed file his tax returns for a number of years and didn’t pay the quantities owed after submitting over 10 years’ price of returns in 2014.
In accordance with the indictment, when the IRS tried to gather the taxes owed, Guerrero allegedly took steps to evade fee, together with not depositing substantial fee checks from actual property gross sales into his financial institution accounts and utilizing cashier’s checks to keep away from IRS levies on these accounts.
Moreover, Guerrero is accused of obstructing IRS assortment efforts by submitting false monetary disclosure types that underreported his earnings and by concealing a checking account he used to deposit his earnings.
The overall tax loss attributable to Guerrero’s actions is alleged to exceed $350,000.
If convicted, Guerrero faces a most jail sentence of 5 years for tax evasion and three years for obstructing the IRS.
Sentencing shall be decided by a federal district courtroom decide, who will think about the U.S. Sentencing Pointers and different statutory components.
The case is being investigated by IRS Felony Investigation.
Appearing Deputy Assistant Legal professional Common Stuart M. Goldberg of the Justice Division’s Tax Division and U.S. Legal professional Martin Estrada for the Central District of California introduced the indictment.
