Calif. Man Gets 2 Years, $1.16m Bill
A California chiropractor has been sentenced to two years in federal prison and ordered to pay $1.16 million in restitution for tax evasion.
Ramon Reynoso, 45, of Castro Valley, Calif., pleaded guilty to one count of tax evasion. According to the plea agreement, Mr. Reynoso admitted that from 1991 to 2004, he was self-employed at his chiropractic business in Hayward, Calif. He agreed that his taxable income for services from 2000 to 2003 was $3.18 million and the tax due and owing on that income was $1.16 million.
Reynoso admitted that he had last filed his personal federal income taxes for the calendar year 1996, and despite earning a significant income during the calendar year 2001, he willfully failed to file his federal income taxes and took a number of affirmative acts to willfully attempt to evade and defeat this income tax due and owing to the United States, including placing assets in nominee accounts, using the Zeus Trust to conceal his receipt of income, and opening bank accounts with false Social Security numbers.
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