A San Jose chiropractor pleaded responsible Wednesday to aiding within the false preparation of a tax return for underreporting the earnings of his chiropractic observe in 2019, in accordance with the U.S. Legal professional for the Northern District of California.
Tae Hyun Lee, a 62-year-old resident of San Jose, took a plea deal admitting his guilt to at least one rely of aiding and aiding within the preparation of a false tax return for hiding earnings generated by his enterprise Mild Chiropractic Care from the particular person getting ready his tax return and the Inside Income Service, prosecutors stated in a information launch.
From 2018 to 2020, Lee didn’t deposit greater than $1.4 million value of checks into his observe’s checking account and as a substitute cashed them at a check-cashing enterprise, prosecutors stated. He additionally deposited digital funds and checks into his private checking account.
Lee informed the person who ready his tax types that each one the cash generated by his enterprise had been deposited into its account, main the preparer to report it on the types, prosecutors stated. This resulted within the majority of the observe’s earnings going unreported to the IRS.
The unreported earnings resulted in a lack of at the very least $439,028 to the IRS in taxes, prosecutors added.
Lee is self-employed, and he’s the one proprietor of Mild Chiropractic Care, prosecutors stated.
Lee is scheduled to be sentenced Sept. 24 by U.S. District Decide P. Casey Pitts. He might serve as much as three years in jail.
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