Cape Cod Business Owner Charged With Tax Fraud, Reports U.S. Attorney
7 April 2006 A Centerville man was charged today in federal court with filing false tax returns.
United States Attorney Michael J. Sullivan and Douglas A. Bricker, Special Agent in Charge of the Criminal Investigation Division, Internal Revenue Service, announced today that STEVEN R. BELANGER, age 39, of 559 Old Stage Road, Centerville, Massachusetts, was charged in an Indictment with filing false U.S. Individual Income Tax Returns for tax years 1999 and 2000, in violation of 26 U.S.C. Section 7206(1).
The Indictment alleges that, during all relevant periods, BELANGER owned and operated No. 1 Foundations, a concrete foundation business that primarily serves commercial and residential customers on Cape Cod. The Company was operated as a sole proprietorship, and BELANGER filed Forms Schedule C. BELANGER failed to include all business receipts for work provided to customers by No. 1 Foundations in calculating the Company's gross receipts, and he substantially under-reported such receipts on his 1999 and 2000 U.S. Individual Income Tax Returns.
If convicted on these charges, BELANGER faces up to 3 years imprisonment, to be followed by 1 year of supervised release, and a $100,000 fine for each offense.
The case was investigated by the Internal Revenue Service, Criminal Investigation Division. It is being prosecuted by Assistant U.S. Attorney Linda M. Ricci of Sullivan's Economic Crimes Unit.
The details contained in the complaint are allegations. The defendant is presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
Source: prnewswire
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