Sosa must also pay $1,104,737 in restitution to the United States, the amount that he should have paid on income earned from his tax preparation business, Sergio Central Latino, from 2004 through 2020.
The preparer, who pleaded guilty in July, hid income and assets from the Internal Revenue Service from 2003 and 2017. He did not file his owns tax returns or pay taxes he owed for those years.
After the IRS audited Sosa and tired to collect the overdue taxes, which then amounted to more than $750,000 at that point, he opened bank accountants and renamed his business and placing it in his children’s names and lying to the IRS. Sosa also had a children make mortgage payments on his home, using funds Sosa proviced.