The owner of Augie’s, Agostino Incorvaia, failed to pay his taxes and was sentenced to three years probation. He also has to pay a $5000 fine, reimburse over $800,000 in back taxes, interest and penalties, and serve the first six months of his sentence confined to his home. Click here to watch or read more information on IRS Back Taxes.
According to court documents, Incorvaia underestimated gross receipts on his returns for five years. He also employed a large number of workers that he paid “off the books.” A portion of his unreported profits went to support other properties and business interests, some of which were located in the Dominican Republic.
Incorvaia pleaded to a single count of tax evasion and admitted that he failed to pay income taxes from 2007 through 2011. Incorvaia is required to pay a total of $396,650 for taxes owed. He’ll also have to pay an additional $427,000 in interest and penalties.
Tax fraud is on the rise in America. Not paying taxes is never a good thing. However, it doesn’t always mean that there was criminal intent.
Taxpayers have a responsibility to make sure their taxes are paid on time. The best advice, for those with tax challenges, is to seek the help of a tax attorney who can help make sense of everything.
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Law Offices of Darrin T. Mish, P.A.: Tax Attorney