Volume 01 | January 2020
Tax Resolution Times
Volume 1 | Issue 2
Read About Taxpayers with IRS Problems & Find Out How to Solve Them
Multiple Businesses, Multiple States
Multiple Prison Sentences
Vincent Celentano, the owner of several businesses in Florida and Michigan, has been indicted for tax evasion, employment tax fraud and other tax crimes. Celentano is accused of using more than $360,000 from his businesses’ bank accounts to pay for personal expenses, including credit card payments and fuel and sundry items for his yacht. That same year Celentano sold ownership in entities under his control for approximately 2.7 million dollars and asked for payment in a way that kept his accountants from accurately reporting the sale to the IRS. In addition, Celentano failed to file his individual tax returns from 2013 to 2016.

From 2013 to 2018 Celentano and others conspired to withhold payroll taxes from his employees and not pay the taxes to the IRS. The money was used to pay for business and personal expenses. When the IRS tried to collect, Celentano and his co-conspirators attempted to thwart their efforts and made false statements to the IRS about who was responsible for paying the taxes. Per the indictment Celentano failed to pay $217,000 in payroll taxes.

If convicted, Celentano faces a statutory maximum sentence of five years for each tax evasion and conspiracy charge, three years in prison for each count of failure to pay employment taxes, and a statutory maximum sentence of one year on each count of willful failure to file his personal tax returns.

Did You Know?
In Alaska, some whaling captains can deduct up to $10,000 for whaling related expenses. In Hawaii, property owners may be able to deduct up to $3,000 in expenses related to maintaining a tree that has historic or cultural value.
Your IRS Questions Answered Here...
Question: I own a small business and in order to keep afloat, I did not pay the IRS for my employee’s withholding taxes for a few years. How much trouble will I be in?

Answer: Owing 941 payroll taxes is very different than owing personal 1040 income taxes. Not only can the IRS shut down your business, they can come after you personally, levy your bank accounts, take your receivables and seize your property including your house. Scarier still is that it could turn into a criminal matter. Why? Because the money has already been deducted from your employee’s payroll checks; so it’s not your money to begin with! The IRS looks at this as if you stole their money.

You need to get help fast from an experienced professional who deals with the IRS every day. We can assess your situation and figure out the best way to help you, and will take over all dealings with the IRS so you don’t have to. Don’t let them take over your life and manage your cash flow; call us today!

Our clients generally NEVER meet or speak with the IRS. We handle everything for you so you don’t have to take time away from your job or business. We know the law. We know your rights. We can help!

We at Geaux Tax Resolution are experts in tax resolution and help taxpayers like you with their IRS Problems every day.  Call us at (985) 722-1040 or (337) 420-1040.

Thank You!
David Crawford
Thanks to YOU, the word is spreading. Thanks to my clients and friends who graciously referred me to their friends, clients and relatives last month! I enjoy building my business based on the positive comments and referrals from people just like you.
I just couldn’t do it without you!

Geaux Tax Resolution
Bryon Garrety, CPA
(985) 722-1040
(337) 420-1040