California Investor Failed to File Tax Returns and Report $15 Million in Capital Gains
Friday, July 17th, 2009A California businessman pleaded guilty to not reporting $15 million in capital gains from the sale of real estate.
Luke D. Brugnara was in the business of acquiring and renting real estate in the San Francisco area and elsewhere. In February 1998, the IRS requested copies of Brugnara’s individual income tax returns for the years 1990 to 1996, in addition to copies of tax returns for Brugnara Corporation. Brugnara returned those
