Menu
Sunday, November 17, 2024

5 Black Friday Strategies...

Opinions expressed by Entrepreneur contributors are their own....

AI Trends That Will...

Opinions expressed by Entrepreneur contributors are their own....

How to Unify Your...

Opinions expressed by Entrepreneur contributors are their own....

What Franchisors Need to...

Opinions expressed by Entrepreneur contributors are their own....
HomeBusinessNew York Business...

New York Business Owner Pleads Guilty to Employment Tax Fraud

Written by admin
Estimated reading time: 1 minutes


Victor Aguayo, owner and president of Mabel Interior Design Inc., an interior painting business in Westbury, New York, pleaded guilty today to employment tax crimes. Aguayo admitted to failing to collect and pay over employment taxes from his employees’ wages, resulting in significant tax losses to the federal government.

According to court documents and statements made in court, Aguayo was responsible for withholding Social Security, Medicare, and federal income taxes from the wages of his employees and reporting these withholdings to the IRS on a quarterly basis. Additionally, he was required to pay these withheld taxes to the IRS quarterly.

Instead, Aguayo paid his employees approximately $3.6 million in cash wages, failing to withhold or remit the required taxes. He also caused false quarterly tax returns to be filed, omitting the cash wages from the company’s tax filings. This scheme resulted in a tax loss to the IRS of $545,743.

Aguayo is scheduled to be sentenced on April 21, 2025. He faces a maximum sentence of five years in prison, along with a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine the final sentence after considering the U.S. Sentencing Guidelines and other relevant statutory factors.

Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division announced the guilty plea.

The case was investigated by IRS Criminal Investigation and is being prosecuted by Assistant Chief Sarah Ranney and Trial Attorney Joseph D.G. Castro of the Justice Department’s Tax Division.



Load more

Continue reading

admin -
Digital Marketing

Holistic Marketing Works — Here’s How You Can Apply It to Your Campaigns [+ Expert Tips]

When I graduated with a marketing degree over a decade ago, I hit the scene thinking that marketing would always be its own thing. Something like “holistic marketing” seemed unnecessary to me. Marketers had their swim lane; I’d...
admin -
Finance

Jake Paul vs Mike Tyson fight draws 65 million viewers at peak

Netflix Inc.’s foray into live sports streaming with the boxing match between Mike Tyson and Jake Paul drew a massive global audience that peaked at 65 million viewers but resulted in thousands of complaints from viewers about connection...
admin -
Investment

The Housing Market Might Be “Stuck”—But You Can’t Afford to Wait

<div id="page" x-data="sidebarAds(24%7C&utm_source=Bigger%20Pockets&utm_term=Bigger%20Pockets","linkTitle":"Schedule a Call Today","id":"65d4be7b89ca4","impressionCount":"564437","dailyImpressionCount":"262","impressionLimit":"878328","dailyImpressionLimit":"2780","r720x90":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/08/REI-Nation-X-BP-Blog-Ad-720x90-1.png","r300x250":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/08/REI-Nation-X-BP-Blog-Ad-300x250-1.png","r300x600":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/08/REI-Nation-X-BP-Blog-Ad-300x600-1.png","r320x50":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/08/REI-Nation-X-BP-Blog-Ad-320x50-1.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"Center Street Lending","description":"","imageURL":null,"imageAlt":null,"title":"","body":"","linkURL":"https://centerstreetlending.com/bp/","linkTitle":"","id":"664ce210d4154","impressionCount":"295719","dailyImpressionCount":"240","impressionLimit":"600000","dailyImpressionLimit":"2655","r720x90":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/05/CSL_Blog-Ad_720x90-1.png","r300x250":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/05/CSL_Blog-Ad_300x250-2.png","r300x600":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/05/CSL_Blog-Ad_300x600-2.png","r320x50":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/05/CSL_Blog-Ad_320x50.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"BiggerPockets Financial Services Finder","description":"","imageURL":null,"imageAlt":null,"title":"","body":"","linkURL":"https://www.biggerpockets.com/business/finder/tax-and-financial-services","linkTitle":"Find a Financial Planner","id":"664e3267b2cc1","impressionCount":"50236","dailyImpressionCount":"33","impressionLimit":"1000000000","dailyImpressionLimit":"10000000","r720x90":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/05/FinServ-Blog-720x90-1.png","r300x250":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/05/FinServ-Blog-300x250-1-e1716400562184.png","r300x600":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/05/FinServ-Blog-300x600-1.png","r320x50":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/05/FinServ-Blog-320x50-1-e1716400684636.png","r720x90Alt":"BiggerPockets financial planner finder","r300x250Alt":"BiggerPockets financial planner finder","r300x600Alt":"BiggerPockets financial planner finder","r320x50Alt":"BiggerPockets financial planner finder"},{"sponsor":"BiggerPockets Lender Finder","description":"","imageURL":null,"imageAlt":null,"title":"","body":"","linkURL":"https://www.biggerpockets.com/business/finder/lenders","linkTitle":"Find a Lender","id":"664e38e3aac10","impressionCount":"153861","dailyImpressionCount":"87","impressionLimit":"10000000000","dailyImpressionLimit":"10000000","r720x90":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/05/Lender-Blog-720x90-1.png","r300x250":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/05/Lender-Blog-300x250-1.png","r300x600":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/05/Lender-Blog-300x600-1.png","r320x50":"https://www.biggerpockets.com/blog/wp-content/uploads/2024/05/Lender-Blog-320x50-1.png","r720x90Alt":"BiggerPockets lender finder","r300x250Alt":"BiggerPockets lender finder","r300x600Alt":"BiggerPockets lender finder","r320x50Alt":"BiggerPockets lender finder"},{"sponsor":"BiggerPockets...

ABOUT US

Get the Latest Ways to Earn Passive income as we give you daily Updates on how to earn online, investing, business and Digital Marketing

Categories to explore

BusinessDigital MarketingFinanceInvestmentMake Money OnlinePassive Income