Massachusetts
Owner of Massachusetts landscaping business facing prison after not reporting $1.5 million in income
BOSTON – The proprietor of a residential and industrial landscaping enterprise working within the South Shore space has been charged and has agreed to plead responsible in connection along with his failure to report roughly $1.5 million in earnings to the Inside Income Service.
Scott Herzog, 47, of Norwell, has agreed to plead responsible to 1 rely of submitting a false tax return. A plea listening to has not but been scheduled by the Courtroom.
In line with the charging doc, Herzog owned and operated Herzog Panorama Options. From 2016 by means of 2018, Herzog allegedly directed landscaping prospects to pay him personally for jobs after which cashed many of those funds or deposited them into financial institution accounts unaffiliated with the landscaping enterprise. Herzog then did not report roughly $1.5 million in these receipts within the tax returns his tax preparer filed on his behalf. Because of this alleged conduct, Herzog underreported his private earnings tax obligations, inflicting a loss to the Inside Income Service of almost $500,000.
The cost of submitting a false tax return gives for a sentence of as much as three years in jail, one 12 months of supervised launch and a high-quality of as much as $100,000. Sentences are imposed by a federal district court docket decide primarily based upon the U.S. Sentencing Tips and statutes which govern the willpower of a sentence in a prison case.
United States Legal professional Rachael S. Rollins and Joleen D. Simpson, Particular Agent in Cost of the Inside Income Service’s Legal Investigation in Boston, made the announcement. Assistant U.S. Legal professional David M. Holcomb of Rollins’ Securities, Monetary & Cyber Fraud Unit is prosecuting the case.