Tax Law

Another UBS Depositor Pleads Guilty

Yesterday, Humberto Gomez pled guilty, according to a DOJ Tax press release, here [the link is not yet available; I will post the link when I have it].  


The tax loss seems low.  The press release says:  "For the years 2006 and 2007, the criminal tax loss associated with the Bullrush account at UBS is approximately $10,478."


The tax loss thus must be the tax on the earnings on the UBS account rather than any tax associated with the deposits into the UBS account.  As the press release is worded, that may be an open issue.


View Jack Townsend's opinion in its entirety on the Federal Tax Crimes blog site.

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