Corporate Tax

Chicago Space Mexican Restaurant Franchise Proprietor Pleads Responsible of Underreporting US $ 2.5M in Company Taxes | USAO-NDIL

CHICAGO – The owner of five Mexican Pepe restaurant franchises in the Chicago area pleaded guilty in federal court today to filing false corporate tax returns showing approximately $ 2.5 million in gross receipts and sales were not reported.

JUAN C. HURTADO, 45, of Joliet, pleaded guilty to making a false statement on a tax return. The conviction is punishable by up to three years in prison. The US District John F. Kness condemned June 7, 2021 at 2:30 p.m.

Hurtado owned Pepe’s franchises in Chicago, Tinley Park, Hickory Hills, Matteson, and Chicago Heights. Hurtado admitted in a plea agreement that from 2016 to 2018 he filed eleven materially incorrect corporate tax returns with the IRS, as well as materially incorrect sales and income tax returns with the state of Illinois, which reported gross revenues and sales of its restaurants by around 2.5 total Million dollars. Hurtado went on to admit that he had created false sales reports and given them to his accountants, knowing the reports would serve as the basis for underreporting revenue and sales.

The confession of guilt was promulgated by John R. Lausch Jr., United States attorney for the Northern District of Illinois. and Tamera D. Cantu, associate special adviser for the IRS Criminal Investigation Division in Chicago. The government is represented by US Assistant Attorney Rick D. Young.

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