Employees of businesses are expected to act with integrity and respect the financial resources of their employers. Unfortunately, not all employees uphold these standards, as demonstrated by the recent case of Steven Marquez, a Texas man who pleaded guilty to embezzling funds from his employer and filing a false tax return.
If you have filed a tax return that you know to have been false or have failed for file a tax return or one or more years, it is in your best interest to contact an experienced tax defense attorney, without delay BEFORE you are audited or criminally investigated. A voluntary disclosure can prevent criminal prosecution for tax fraud if the taxpayer qualifies and the terms of the program are complied with.
Defendant Admitted to Stealing More Than $700,000 and Failed to Accurately Report His Income on His Tax Return
According to court documents, Marquez worked as an accountant and cash manager for an Austin-based company, where he embezzled more than $700,000 from April 2010 to October 2017. He transferred funds from the company’s bank accounts into his own account without authorization and used the money to pay his personal expenses. Marquez then altered the business’s bank statements and provided them to the company’s bank reconciliation group to conceal his embezzlement. He also filed a false tax return for 2017 that did not report the embezzled funds.
Marquez is scheduled to be sentenced on March 9, 2023 and faces a maximum penalty of 20 years in prison for wire fraud and three years in prison for filing a false tax return. He also faces a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine his sentence based on the U.S. Sentencing Guidelines.
Enlisting The Assistance of a Tax Attorney When You’ve Fallen Behind
This case serves as a reminder of the importance of honesty and integrity in the workplace. If you are facing legal issues related to taxes or financial fraud, it may be helpful to seek the assistance of a skilled tax law firm. The lawyers and accountants at the Tax Law Offices of David W. Klasing can provide guidance and representation to help resolve any issues and protect your rights. Don’t take unnecessary risks with your career or financial well-being – work with a trusted and reputable tax law firm to ensure that your legal matters are handled correctly.
We Are Here for You
Regardless of your business or estate needs, the professionals at the Tax Law Offices of David W. Klasing are here for you. We are open for business and our team will help ensure that your business is too. Contact the Law Offices of David W. Klasing today to discuss your business with one of our professionals.
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