Tax News: Philly Cheesesteak with a Side of Tax Fraud?
The famous South Philadelphia cheesesteak location, Tony Luke's, father and son owners were federally indicted on tax fraud charges alleging evading report and payment of $8 million to the IRS over a period of at least 10 years.
Anthony Lucidonio Sr. and Nicholas Lucidonio are charged with conspiracy and aiding/assisting false employment tax returns, according to the indictment in U.S. District Court in Philadelphia. The 23-count indictment alleges that the business had two separate sets of records.
The father and son were also accused of payroll tax fraud. Several employees were given a paycheck that was taxed but did not represent their full wage. The rest of the wage was paid off the books in cash.
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