Date: January 21, 2020
Newark, N.J. — The owner of a tax return preparation business located in North Brunswick, New Jersey, pleaded guilty today to income tax evasion.
Juan Solano a resident of North Brunswick, NJ, entered his plea in Trenton federal court before U. S. District Judge Peter G. Sheridan. Solano pleaded guilty to one count of personal income tax evasion pertaining to his 2016 tax return. Sentencing is scheduled for May 12.
"As we get ready to begin this year's filing season, honest taxpayers need to be reassured that everyone is paying their fair share," stated John R. Tafur, Special Agent in Charge, IRS-Criminal Investigation, Newark Field Office. "Today's guilty plea should reassure those Americans who file accurate, honest and timely returns that the government will hold accountable those who do not."
According to court documents and statements made in court:
Solano was the owner of J&C Solano Tax Service (J&C). During the calendar year 2016, Solano reported that he earned $113,263 in gross receipt from J&C. Solano admitted that he failed to report an additional $318,228 in gross receipts that he earned from J&C during the 2016 calendar year.
In addition, Solano admitted that he filed false personal tax returns and evaded his taxes for the years 2013, 2014 and 2015. In total, for the years 2013 through 2016, Solano owes the government approximately $299,274 in additional taxes based on his criminal conduct.
The count of tax evasion 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 John R. Tafur 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 Cymetra Williams.