Blog Tax News New York Car Dealer Arrested For Not Remitting Sales Tax

New York Car Dealer Arrested For Not Remitting Sales Tax

NASSAU COUNTY, NY —A Massapequa man has been arrested and charged with stealing more than $200,000 in sales tax revenue from sales at the Elmont car dealership he owns.

 

Philip Shaw, 47, surrendered to DA investigators and has been charged with second degree grand larceny and two misdemeanor violations of State Tax Law. He faces up to 15 years in prison if convicted.

Prosecutors said that Shaw, the principal owner of High Gear, Inc., a used car dealer located inElmont, has stolen $203,778 in tax revenue by neglecting to file any withholding tax, corporation tax, federal income tax, or sales tax returns since 2006. In addition, High Gear has not had a valid Certificate of Authority to conduct business inNassauCountysince 2006.

A preliminary review of his bank records shows that payments made to him by check were typically personal checks with no indication of the type of car, cost of car, amount of taxes, or any other identifying information.

A 2010 audit by NYSDTF revealed that Shaw reported more than $2 million in sales between 2006 and 2010, by filing his DMV Retail Certificate of Sales Books with the DMV.  However, he never reported any of these sales to NYSDTF and he never remitted the collected sales tax. Half of the sales tax revenue payable by local business to New York State goes back to Nassau County.

Thanks to Sales Tax Accountants our company was able to avoid an expensive audit and save tens of thousands
James Turner - Retail Supply Services

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