An Arvada, Colorado, woman pleaded guilty today to one count
of willfully making and subscribing to a fraudulent corporate income tax return
announced Principal Deputy Assistant Attorney Richard E. Zuckerman of the
Justice Department’s Tax Division.
According to court documents, Marlene Seo owned and operated
a corporation called National Martial Arts Academy Inc., a martial arts
instruction business. From 2011 through
2013, income from Seo’s martial arts school was deposited into bank accounts
that she did not disclose to the corporation’s bookkeeper and accountants,
which resulted in her underreporting the business’s gross receipts on corporate
tax returns for tax years 2011, 2012, and 2013 by approximately $650,000. Seo plead guilty to signing and filing a
false 2012 U.S. Corporation Income Tax Return, Form 1120, filed on behalf of
National Martial Arts Academy.
Sentencing is scheduled for February 1, 2019. Seo faces a maximum sentence of three years
in prison. She also faces a term of
supervised release, restitution, and monetary penalties.
Principal Deputy Assistant Attorney General Zuckerman
commended special agents of IRS Criminal Investigation, who conducted the
investigation, and Tax Division Trial Attorneys Anahi Cortada and Lisa L.
Bellamy, who are prosecuting the case.
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