The former owner of a Danville liquor store will spend the next two years in federal prison for under-reporting the business’s income on tax filing documents.
69-year-old Yousef Abdallah was sentenced on Wednesday. He was also ordered to pay restitution of $176,000 to the Internal Revenue Service as well as a $15,000 fine.
Federal prosecutors say that Abdallah was the owner of Danville Liquors on East Main Street. He attempted to sell the business in 2016 for $425,000 based on gross income of more than $1.5 million per year. IRS agents say that Abdallah under-reported the business’s income in the 2013, 2014 and 2015 tax years by $1 million. He pleaded guilty in July 2019 to a charge based on the 2014 tax year.
An agent says that the IRS will continue to pursue those who attempt to cheat the country’s tax system.
