Louisiana Contractor Pleads Guilty to Filing a False Tax Return
The owner of general contracting business pleaded guilty yesterday to filing a false tax return, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division and U.S. Attorney Duane A. Evans, for the Eastern District of Louisiana.
According to court documents, Wade Ybarzabal, of Mandeville, Louisiana, owned a general contracting business, Ybarzabal Contractors LLC. On his 2012 tax return, Ybarzabal underreported his business’s gross receipts by more than $475,000, resulting in an additional tax liability of more than $160,000. Ybarzabal also underreported his business’ gross receipts on his 2013 and 2014 tax returns. The total tax loss resulting from Ybarzabal’s fraudulent conduct for is more than $250,000.
Sentencing is scheduled for August 29, 2018. Ybarzabal faces a statutory maximum sentence of three years in prison. He also faces a term of supervised release, restitution, and monetary penalties.
Principal Deputy Assistant Attorney General Zuckerman and U.S. Attorney Duane A. Evans commended special agents of IRS–Criminal Investigation, who conducted the investigation, and Assistant U.S. Attorney Edward J. Rivera and Tax Division Trial Attorney Grace E. Albinson, who are prosecuting the case.
Additional information about the Tax Division and its enforcement efforts may be found on the division’s website.