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Greensboro man, who ran a lawn care business, pleads guilty of filing false tax returns, authorities say
A Greensboro man pleaded guilty to filing a materially false tax return on Monday, according to a US Department of Justice press release.
Steve Sloan, 64, owned and operated Total Lawn and Landscape Pros, LLC, which provided general lawn care services. According to court documents, Sloan reported the company as a Schedule C deal on its federal income tax return.
In October 2018, Sloan filed a fake federal income tax return, according to a press release, undervaluing the company’s gross earnings by more than $ 250,000 in 2017. Sloan also filed state income tax returns for 2014-2016 and 2018 that also failed to adequately reflect its gross earnings, the Justice Department said.
A “significant percentage” of the unreported money came from an elderly customer. For the 2014-2018 fiscal years, Sloan reported gross income totaling approximately $ 855,000, while the senior customer’s payments exceeded $ 1.5 million over the same period, according to a press release. Overall, the Internal Revenue Service’s tax loss totaled $ 318,735, the Justice Department said.
Sloan is due to be sentenced on June 21 and faces a maximum sentence of three years in prison. He also faces a period of supervised release, restitution and fines, according to the press release.