A federal grand jury in Los Angeles has indicted Gabriel Guerrero, a business actual property agent based mostly in Los Angeles, on fees of tax evasion and obstructing the Inner Income Service (IRS) in its efforts to gather excellent taxes.
The indictment alleges that Guerrero did not 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 keeping with the indictment, when the IRS tried to gather the taxes owed, Guerrero allegedly took steps to evade cost, 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 kinds that underreported his earnings and by concealing a checking account he used to deposit his earnings.
The full 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 court docket decide, who will take into account the U.S. Sentencing Tips and different statutory elements.
The case is being investigated by IRS Felony Investigation.
Appearing Deputy Assistant Legal professional Normal 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.
