The former owner of a drywall business in Queens pleaded guilty today to helping prepare a false corporate tax return for his business.
According to court documents, Osvaldo Caceres, of Queens, New York, owned and operated OSVI Drywall Corporation. Caceres helped prepare the company’s corporate tax return for the tax period ranging from Feb. 1, 2013, through Jan. 31, 2014, which underreported the business’s gross receipts. Caceras caused a total tax loss to the IRS of $926,379.
Sentencing is scheduled for June 14. Caceres faces a maximum penalty of three years in prison, as well as a period of supervised release, restitution and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division made the announcement. He thanked the U.S. Attorney’s Office for the Eastern District of New York for providing substantial assistance in this matter.
IRS-Criminal Investigation is investigating the case.
Trial Attorneys Sarah Ranney and Sam Bean of the Tax Division are prosecuting the case.