Keeping Two Sets Of Books Can Mean Prison For Tax Evasion

It can be awfully difficult to explain two sets of books to the IRS. Take Jeffrey Nowak, a Las Vegas, Nevada liquor store owner. He was just sentenced to 41 months in prison for conspiring to defraud the United States and tax evasion. Mr. Nowak, 67, and Ramzi Suliman, jointly owned and operated liquor stores in Las Vegas. At Super Liquor Store South Strip, Nowak and Suliman skimmed cash receipts and maintained two set of books in order to under-report income to the IRS.

Read More: https://www.forbes.com/sites/robertwood/2017/03/07/keeping-two-sets-of-books-can-mean-prison-for-tax-evasion/#c2a4f083565c

Questions: http://rehcpas.com