A New York CPA has pleaded guilty to helping a concrete supplier evade more than $400,000 in taxes. John Savignano of White Plains admitted to conspiring with co-defendant, Rocco Manzione, to hide the latter's income .
Savignano faces a maximum of five years in prison and possible restitution and monetary penalties.
For tax years 2014 through 2014, Manzione did not file individual returns of pay taxes due from income from his concrete companies. Then in 2015, he sought a loan in connection with the purchase of a condominium in Miami, Fla., and the lenders asked him for three years of filed tax returns.
Manzione contacted the CPA who helped him prepare and file tax returns that substantially underreported his income.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
