Jose Torres, owner of Joe’s Place at 20 Valentine Street in Yonkers, New York is was arrested this week for failing to remit more than one half million dollars in sales tax revenue to the City and State. Allegations have also been made that Mr. Torres failed to report over six million dollars in sales tax revenue over the page five years.
Mr. Torres was arraigned on the felony charges in the Bronx County Criminal Court. The charges include Grand Larceny in the 2ndDegree (Class C Felony); two counts of Criminal Tax Fraud in the 2ndDegree (Class C Felony); and nineteen counts of Offering a False Instrument for Filing in the 1stDegree (Class E Felonies).
According to the tax department’s press release, investigators from the New York State Department of Taxation and Finance, and the Bronx County District Attorney’s Office executed a search warrant back in December and discovered paperwork which demonstrated that the bar had gross sales of $6,715,804 higher than that which was reported by Torres on his sales tax returns. If convicted, Torres could be sentenced to a period of up to fifteen years in jail.
If you, or someone you know has been charged with a crime for failing to remit sales tax, call the DiPasquale Law Group for a free consultation.