A former business owner from Buffalo faces 15 years in prison after recently pleading guilty to tax fraud. According to a recent news article, the man under-reported the sales tax collected at his four Mexican restaurants between March 2012 and Nov. 2016. The man previously pleaded guilty to tax evasion and conspiracy to unlawfully employ undocumented immigrants and will be sentenced in February.
Under-reporting income is one of the most common ways businesses and individuals commit tax fraud. Other common ways include over-reporting expenses and claiming unearned deductions.