A Las Vegas, Nevada businesswoman pleaded guilty today to filing an incorrect tax return.
According to court documents and admissions made in court, Graciela Rueda Alvarez, aka “Graciela Masso,” owned and operated two businesses in Las Vegas: All Hose Inc. (AHI) and All Hose South LLC (AHS), the distributors of industrial, hydraulic and pneumatic tubing, fittings, and fluid transfer systems. From 2013 to 2016, Rueda Alvarez transferred more than $ 950,000 of AHI and AHS profits to bank accounts she controlled, but did not report those funds as income on her personal federal tax returns. Overall, Rueda Alvarez caused the IRS a tax loss of $ 210,807.
Rueda Alvarez faces the maximum legal sentence of three years in prison, one year of supervised release and a fine of $ 250,000. In addition to serving her sentence, Rueda Alvarez has agreed to pay $ 458,728.52 in refunds, including overdue taxes, interest and penalties. District Court Judge Jennifer A. Dorsey has set the sentencing for September 27th.
The Deputy Assistant Attorney General Stuart M. Goldberg of the Department of Justice’s Taxation Division, acting US Attorney General Christopher Chiou for the Nevada District, and the relevant Special Representative Albert Childress of the IRS Criminal Investigation announced the announcement.
The IRS Criminal Investigation is investigating this case.
U.S. Assistant Attorney Jessica Oliva of the District of Nevada and Trial Attorney Michael Landman of the Tax Division are pursuing the case.
