Will pay over $300,00 in back taxes and $250,00 penalty.
The Internal Revenue Service Criminal Investigation (IRS-CI) agency announced that the owner of a Fullerton, Calif.-based auto body shop pleaded guilty November 15 to filing false tax returns for tax years for tax years 2015 to 2022, underreporting his income by at least $1,184,914.
In Chun Jung, 57, of Anaheim, owned and operated JY JBMT INC., doing business as JY Auto Body, which was registered as a subchapter S corporation. S corporations elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.
Leave a Reply
You must be logged in to post a comment.