A Los Angeles Man Faces Up To 10 Years and $500,000 for Tax Evasion!
A Los Angeles man who made donations to several charitable organizations associated with a New York-based orthodox Jewish group — donations that were in fact refunded in many cases — has agreed to plead guilty to federal tax evasion charges. In the plea agreement, Uri Mandelbaum, 70, also agreed to pay back taxes totaling more than $1.5 million. Mandelbaum admitted he evaded the payment of $296,731 in federal income taxes for the years 2005 and 2006. During those two years, Mandelbaum made $892,483 in contributions to Spinka organizations, and then 95 percent of the contributions were returned to Mandelbaum. He admitted that he claimed the entire $892,483 as charitable contributions on his federal income tax returns for the two years. He now faces up to 10 years in prison and a $500,000 fine! Don’t get caught in this situation, for tax expert advice, call Tax Resolution Services for your free tax debt relief consultation.
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Tags: filing false federal tax return, tax evasion, tax fraud
