NYC Tax Advocates

My photo
Specializing in IRS and NYS Tax Representation. Workers Compensation Audits, Payroll, Sales and Income Tax representation for Businesses, Individuals, Restaurants and Construction Companies. Civil and Criminal Workers Comp Audit representation includes: NYSIF Examinations, Premium Disputes, Employee Misclassification, Underreporting, Unreported Income, and Failure to Keep Accurate Payroll Records.

Monday, July 16, 2018

Insurance Salesman Sentenced To Prison For Tax Fraud (He should have hired SELIG & Associates)



A Newington, Connecticut, insurance salesman was sentenced to 70 months in prison for tax fraud, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division.   

Terry DiMartino was convicted after a jury trial in March 2016 of one count of corruptly interfering with the due administration of the internal revenue laws, two counts of filing false tax returns and five counts of willfully failing to file tax returns.  DiMartino was an insurance salesman for numerous insurance companies located in Connecticut and elsewhere.  Despite earning millions of dollars in insurance commissions over the last decade, DiMartino did not file accurate tax returns or pay the taxes owed.

According to the evidence presented at trial, DiMartino attempted to obstruct the IRS by mailing false documents to the IRS, including three false tax returns for the 2007 tax year, one of which requested a fraudulent $14 million refund.  He sent false and threatening correspondence to the IRS in an attempt to defeat the IRS’s assessment, collection and investigative efforts.  He submitted false and threatening correspondence to insurance companies that sought to cooperate with the IRS collection activities.  DiMartino also set up nominee entities that he used to divert his insurance commissions.  He used the nominees to hide and conceal assets to prevent the IRS from collecting on his tax liabilities.  DiMartino has not filed an accurate individual income tax return since the 1996 tax year.

In addition to the term of imprisonment, U.S. District Court Judge Alvin W. Thompson ordered DiMartino to serve one year of supervised release and to pay $658,547.62 in restitution to the IRS.

Principal Deputy Assistant Attorney General Zuckerman commended special agents of IRS-Criminal Investigation, who investigated the case, and Tax Division Trial Attorney Jason M. Scheff and former Tax Division Trial Attorney Erin B. Pulice, who prosecuted the case.  The Tax Division expressed gratitude to the U.S. Attorney’s Office for the District of Connecticut for their assistance in the investigation and prosecution of this case.

New York City Tax Advocates We Keep Our Clients Out of Court and Out of PrisonWe practice before the Internal Revenue Service, the New York State Department of Taxation and Finance, the Department of Justice Tax Division and the Defense Office of Hearings and Appeals. To speak with a Federal Tax Practitioner and licensed Attorney call (212) 974-3435.

We Solve Serious Tax Problems Including Tax Crimes, Tax Evasion, Failure to File a Tax Return, Criminal Non-Filing, Filing False Tax Returns, Installment Agreements, Partial Payment Agreements, Audits, Sales Tax Controversies, Wage Garnishments, Bank Levies, Seizure of Property, Innocent Spouse Relief, Trust Fund Recovery Penalty, Payroll Taxes, Offers in Compromise, Administrative Appeals, Collection Due Process Hearings, Asset Protection Trusts, Tax Liability Settlement Trusts, and most other tax matters.

Commercial Insurance Advocates Specializing in “Hard to Place” Insurance Protection including High-Risk Medical Malpractice Insurance.  *Contact us directly if you or your professional practice pays between $300,000 and $15,000,000 in annual insurance premiums. For additional information call (212) 974-3435.

We Solve Serious Insurance Problems Including Directors' and Officers' Liability Insurance, Errors and Omissions Insurance, Malpractice Insurance, Commercial Automobile Insurance, Workers' Compensation Insurance, Property Insurance, Boiler and Machinery Insurance, Debris Removal Insurance, Builder's Risk Insurance, Glass Insurance, Inland Marine Insurance, Business Interruption Insurance, Ordinance or Law Insurance, Tenant's Insurance, Crime Insurance, Fidelity Bonds and Liability Insurance.

No comments:

Post a Comment

Selig & Associates is a boutique Tax Representation and Risk Management Firm specializing in unpaid tax obligations and commercial insurance coverage

  Tax Advocacy      Federal Tax Practitioner, CPCU and Attorney. Practicing before the Internal Revenue Service and New York State Departmen...