Bergen county business owner pleads guilty to employment tax charges

 

Date: September 28, 2020

Contact: newsroom@ci.irs.gov

Trenton, N.J. –The owner and operator of several business in and around Fair Lawn, New Jersey, pleaded guilty today to employment tax charges.

Dennis Saccurato, a resident of New Jersey, entered his plea via video conference before U. S. District Judge Susan D. Wigenton. Saccurato pleaded guilty to one count of failing to collect, account for and pay over payroll taxes. Sentencing is scheduled for January 21, 2021.

According to court documents and statements made in court:

Saccurato owned and operated several businesses. As the owner and operator of these businesses, Saccurato was responsible for hiring employees and signing and distributing payroll checks. Saccurato was also responsible for collecting, accounting for and paying over payroll taxes for his employees. Saccurato was responsible for filing with the IRS Form 941, Employer's Quarterly Federal Tax Returns, reflecting the employment taxes that the business had withheld and paid to the Internal Revenue Service each quarter.

During the years 2014 through 2016, Saccurato admitted he was required to withhold, report and pay over employment taxes to the IRS on the amount of wages paid to his employees but he failed to do so. Saccurato also admitted that he was required to file IRS Form 941 on a quarterly basis but failed to do so.

In total, for tax years 2014 through 2016, Saccurato failed to pay over approximately $549,715.29 in employment taxes.

The count of failing to truthfully account for, file and pay over payroll taxes carries a statutory maximum prison sentence of five years and a statutory maximum fine equal to the greatest of:

  1. $250,000;
  2. twice the gross amount of any pecuniary gain derived from the offense; or 
  3. twice the gross amount of any pecuniary loss sustained by any victims of the offense.

The investigation was conducted by IRS-Criminal Investigation, Newark Field Office, under the direction of Special Agent in Charge Michael Montanez and the U.S. Attorney's Office, under the direction of U.S. Attorney Craig Carpenito.

The Government is represented by Assistant U.S. Attorney Andrew Macurdy.