Gary DeCicco and Pamela Avedisian of Nahant, MA, were charged with multiple felonies. We’re talking two counts of tax evasion, one count of conspiracy to commit bank fraud. They’ve also been charged with four counts of wire fraud and six counts of engaging in unlawful monetary transactions.

Between April 2012 and February 2013, DeCicco told the IRS that he did not have the ability to pay his more than $340,000 tax liability.  He repeatedly claimed he had very little cash, no vehicles or real properties during that time.

According to the IRS, he had ownership of several businesses, vehicles and real estate, titled to other entities to conceal his ownership from the IRS.

Originally, the IRS accepted a monthly installment plan based on false information.  During that time, DeCicco allegedly bought and sold numerous real properties, boats, luxury cars, concealing the sales with the help of Avedisian.

The Results of Their Fraud

The couple could face up to 5 years in prison for each count of tax evasion, up to 30 years for wire fraud and conspiracy to commit bank fraud, and up to 20 years for unlawful monetary transactions consecutively, as well as supervised release and monetary fines and penalties.

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Jeffrey Schneider, EA, CTRS, NTPI Fellow has the knowledge and expertise to help you reach a favorable outcome with the IRS. He is the head honcho at SFS Tax Problem Solutions as well as an Enrolled Agent, a Certified Tax Resolution Specialist and Advanced Crypto Tax Expert.
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Author of the Now What? Help! series, Jeff defines and deconstructs IRS notices and clarifies letters and actions the IRS will take to get what they want. He interprets the world of the IRS in a fashion that mixes attention to detail with humor to help you better understand and resolve your tax problems.

The books are available in paperback and eBook on Amazon.
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For more on SFS Tax Problem Solutions, visit http://sfstaxproblemsolutions.com/
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