Tax prep business operator admits underreporting own income
LAS VEGAS (AP) — A Las Vegas man who operated a tax return preparation business by nearly $440,000 has pleaded guilty to underreporting his own income on multiple tax returns.
Court records indicate 59-year-old William Pamintuan Craig on Monday pleaded guilty to making and subscribing a false tax return.
The Internal Revenue Service said Craig underreported his income for tax years 2012 to 2017 by approximately $439,000, depriving the government of $143,237 in taxes.
A federal judge is scheduled to sentence Craig on Jan. 23.
He could be sentenced to up to three years in prison and fined up to $250,000.