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N.J. business owner admits to evading $3.4M in taxes
nj.com ^ | January 15, 2025 | Michael Eruco

Posted on 01/17/2025 2:34:45 PM PST by xxqqzz

A Gloucester County man admitted to skirting $3.4 million in taxes over a seven-year period by cashing checks at a check cashing location rather than depositing the money he collected for his business into bank accounts, officials with the U.S. Attorney’s Office said Tuesday.

Jose Camilo Perez Jr., 54, of Sewell, pleaded guilty to one count of tax evasion in Camden Federal Court and is scheduled to be sentenced on May 20.

From 2016 to 2023, Perez collected over $8 million from clients that included hospitals and other healthcare entities to digitize medical records, authorities said.

Instead of depositing the checks made out to the business into a business account or his personal account, he cashed the checks at a check-cashing business in Philadelphia and used the money for personal use and to cover payroll, officials said.

For the seven years between 2016 and 2023, Perez did not report any of the income he received from the business to the Internal Revenue Services, according to authorities.

As a result, Perez avoided paying taxes on over $3.4 million of income, officials said.

(Excerpt) Read more at nj.com ...


TOPICS: Crime/Corruption; US: New Jersey
KEYWORDS: checkcashing; evasion; taxes
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He paid no taxes on $8 million he got from hospitals for digitizing medical records. Instead of depositing the checks, he went to Philadelphia and cashed the checks at check cashing places. Enough to attract the attention of the feds.
1 posted on 01/17/2025 2:34:45 PM PST by xxqqzz
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To: xxqqzz

It was fun while it lasted.


2 posted on 01/17/2025 2:37:52 PM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████ ████ █ ███████ ████. FJB.)
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To: xxqqzz

no 1099 filed by the businesses?


3 posted on 01/17/2025 2:38:40 PM PST by PeterPrinciple (Thinking Caps are no longer being issued, but there must be a warehouse full of them somewhere)
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To: xxqqzz

CHECK CASHING PLACES HAVE RESPONSIBILITY IN THIS, ALSO.


4 posted on 01/17/2025 2:42:35 PM PST by ridesthemiles (not giving up on TRUMP---EVER)
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To: PeterPrinciple

You have to have a SSN to file a 1099.
You’d be surprised how many “workers”
don’t have a SSN or use a stolen one.


5 posted on 01/17/2025 2:42:43 PM PST by rellic (no such thing as a moderate Moslem or Democrat )
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To: PeterPrinciple

Good point.

Looks like it just took this long for the IRS to spot it.


6 posted on 01/17/2025 2:43:49 PM PST by MV=PY (The Magic Question: Who's paying for it?)
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To: xxqqzz

The headline and the article contradict each other.

Did he evade 3.4 million in taxes or was it 3.4 million in income he failed to pay taxes on?


7 posted on 01/17/2025 2:44:39 PM PST by Responsibility2nd (Man made Climate Change is Real. Cal. Officials responsible for the fires just proved it.)
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To: xxqqzz

Can’t blame him for trying.


8 posted on 01/17/2025 2:46:51 PM PST by PGR88
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To: Responsibility2nd

$8 million in income. $3.4 million in evaded taxes. Probably like 5 years in federal prison.


9 posted on 01/17/2025 2:51:50 PM PST by xxqqzz
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To: xxqqzz

Charged with one count?

He didn’t cash $8 million dollars worth of checks all at one time in one year!

He did it over a 7 year period so why isn’t he charged with at least 7 counts of tax evasion?


10 posted on 01/17/2025 2:59:54 PM PST by Iron Munro (Obi-Wan Kenobi : Who's the more foolish? The fool, or the fool who follows him?)
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To: Iron Munro

He did it over a 7 year period so why isn’t he charged with at least 7 counts of tax evasion?


Interesting how this works. Trump is ‘guilty’ of 34 felonies for checks amounting to $130,000 he paid to Stormy Daniels.


11 posted on 01/17/2025 3:08:43 PM PST by hanamizu ( )
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To: xxqqzz

I’m not mad. Sorry he got caught. Our taxes go to bad things, why pay them?


12 posted on 01/17/2025 3:09:49 PM PST by CaptainPhilFan (Donald J Trump: OF the People FOR the People WITH the People)
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To: MV=PY

Right. If he was smart about it, depositing SOME of it into his business account and paid taxes on it, he might have been able to continue getting away with it.


13 posted on 01/17/2025 3:12:02 PM PST by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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To: Iron Munro
“ He did it over a 7 year period so why isn’t he charged with at least 7 counts of tax evasion?”

I imagine he got a plea agreement to plea to one count.

14 posted on 01/17/2025 3:15:03 PM PST by circlecity
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To: xxqqzz

He would have been smarter to defer his income and invest the deferment and pay out of the income generated.


15 posted on 01/17/2025 3:16:04 PM PST by Jonty30 (Liberals are a fulfillment of II Tim3:5. We are instructed to have nothing to do with those people. )
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To: Responsibility2nd

They give a second figure of 8 million, so I take that to mean 8 million in income and 3.4 million in taxes.


16 posted on 01/17/2025 3:17:04 PM PST by Jonty30 (Liberals are a fulfillment of II Tim3:5. We are instructed to have nothing to do with those people. )
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To: xxqqzz

Back in the Stone Age, I started my career as a CPA with one of the Big Eight (back then there were 8). My advice to clients, friends, and family was, “Never get cute with the IRS. Bite the bullet and pay what you owe. And most certainly, never cheat...not even a little bit.”


17 posted on 01/17/2025 3:19:45 PM PST by RoosterRedux ("There's nothing so inert as a closed mind" )
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To: xxqqzz

If he had paid his “fair share” everything would be Atom across the nation. Right max?


18 posted on 01/17/2025 3:26:30 PM PST by rktman (Destroy America from within ? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉! 🇮🇱👍!)
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To: RoosterRedux

Sorry, that is called a crime—now you need to do the time.


19 posted on 01/17/2025 3:49:47 PM PST by Forward the Light Brigade (. War is Hell, War IS a Crime.)
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To: ridesthemiles
We was cashing over $1 million per year. How does one cash a check for like $20K at a check cashing place?

My guess is the check cashers were happy to get their cut of such a large amount.

20 posted on 01/17/2025 3:51:55 PM PST by pierrem15 ("Massacrez-les, car le seigneur connait les siens" )
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