New York Enterprise Proprietor Pleads Responsible to Employment Tax Fraud

Victor Aguayo, proprietor and president of Mabel Inside Design Inc., an inside portray enterprise in Westbury, New York, pleaded responsible at this time to employment tax crimes. Aguayo admitted to failing to gather and pay over employment taxes from his staff’ wages, leading to vital tax losses to the federal authorities.

In response to courtroom paperwork and statements made in courtroom, Aguayo was accountable for withholding Social Safety, Medicare, and federal earnings taxes from the wages of his staff and reporting these withholdings to the IRS on a quarterly foundation. Moreover, he was required to pay these withheld taxes to the IRS quarterly.

As an alternative, Aguayo paid his staff roughly $3.6 million in money wages, failing to withhold or remit the required taxes. He additionally precipitated false quarterly tax returns to be filed, omitting the money wages from the corporate’s tax filings. This scheme resulted in a tax loss to the IRS of $545,743.

Aguayo is scheduled to be sentenced on April 21, 2025. He faces a most sentence of 5 years in jail, together with a interval of supervised launch, restitution, and financial penalties. A federal district courtroom choose will decide the ultimate sentence after contemplating the U.S. Sentencing Pointers and different related statutory elements.

Appearing Deputy Assistant Legal professional Common Stuart M. Goldberg of the Justice Division’s Tax Division introduced the responsible plea.

The case was investigated by IRS Prison Investigation and is being prosecuted by Assistant Chief Sarah Ranney and Trial Legal professional Joseph D.G. Castro of the Justice Division’s Tax Division.