A federal grand jury in Los Angeles has issued an indictment against Gabriel Guerrero, a commercial real estate agent, on serious charges of tax evasion and obstructing the Internal Revenue Service (IRS) in its tax collection efforts.
The indictment states that Guerrero failed to file tax returns on time for several years and neglected to pay owed taxes after filing over a decade’s worth of returns in 2014. It is alleged that when the IRS sought to collect these taxes, Guerrero attempted to evade payments by failing to deposit significant commission checks from real estate transactions into his bank accounts and preferred using cashier’s checks to sidestep IRS levies.
Additionally, Guerrero is accused of hindering IRS collection efforts by providing false financial disclosure forms that understated his income and by hiding a bank account specifically used for his earnings. It is estimated that Guerrero’s actions have resulted in a tax loss exceeding $350,000.
If convicted, Guerrero could face a maximum prison sentence of five years for tax evasion and an additional three years for obstructing the IRS. Sentencing will be at the discretion of a federal district court judge, who will weigh the U.S. Sentencing Guidelines alongside other statutory considerations.
The investigation into this case is being conducted by IRS Criminal Investigation.
