Date: December 18, 2019
Vincent J. Palermo, 46, of Omaha, Nebraska, was sentenced to 4 years of federal probation today before United States District Judge Brian C. Buescher for three counts of willful failure to file income tax returns for the 2012, 2013, and 2014 tax years. Judge Buescher also ordered that Palermo should pay a $35,000 fine along with $21,209 in restitution. As part of the probation requirement, Palermo must also complete 120 hours of community service.
Palermo pleaded guilty to an Information which alleged that he willfully failed to file federal income tax returns, commonly referred to as Form 1040, for the 2012, 2013 and 2014 tax years, even though he received gross income in those years of $145,434, $220,400, and $129,612, respectively. Defendant admitted in court that he failed to file returns within the time required by law.
"Mr. Palermo admitted in a courtroom to willfully violating the tax laws," said Karl Stiften, Special Agent in Charge of IRS Criminal Investigation. "As we approach filing season, it is important for people to have confidence that when they pay their taxes, their neighbors and co-workers are doing the same."