Back Taxes Aren’t Your Only Problem When Concealing Income from the IRS

Owing the IRS back taxes can be scary, but ignoring back taxes can be scarier. Many people (incorrectly) assume that if you owe the IRS back taxes, you will have to come up with the money all at once. Not true! There are tax relief options available for those of you that want to settle your back taxes. These tax relief options, however, are better left up to a tax expert to help you figure out what you qualify for, and how to approach the IRS. One option is an IRS payment plan, also known as an Installment Agreement, where you can pay the IRS back in reasonable monthly installments over time. Another option is the Offer in Compromise (OIC) program where you can get your back taxes and penalties reduced due to hardship (this is a program that you must qualify for). Every US citizen must pay taxes. When you ignore or evade taxes, and conceal your income to top it off, back taxes become just a small part of your problem. Prison time, fines and a criminal record become the rest of your problem!

Vincent Mavilia, 67, of Warren, Conn., was sentenced to 18 months in prison, to be followed by three years of supervised release, for evading federal income taxes for more than a decade. Mavilia was also ordered to pay a $5,000 fine.

According to court documents and statements made in court, Mavilia has owned and operated a number of bars and adult-entertainment businesses.

However, from 1992 to 2003, Mavilia took steps to conceal from the Internal Revenue Service his ownership of the businesses as well as the income he received by placing them in the name of his adult daughter.

Mavilia further attempted to conceal his income from his businesses by using bank accounts in his daughter’s name to deposit funds and make payments of his personal expenses.

Mavilia also purchased and owned real property in Branford, Brookfield and Danbury, but placed the properties in the names of other individuals in order to keep them far from the reach of the IRS.

In addition to his sentence and fine, Mavilia was ordered to pay $359,291.15 in back taxes, penalties and interest.

Want to settle back taxes? See if you qualify for the Offer in Compromise program? Set up an IRS payment plan? Tax Resolution Services offers tax relief help starting with a free tax help consultation. 1-866-IRS-PROBLEMS (1-866-477-7762). Call today or fill out the online form for your free tax consultation.

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