Tax prep business operator admits underreporting own income

A Las Vegas man who operated a tax return preparation business by nearly $440,000 has pleaded guilty to underreporting his own income on multiple tax returns.

Court records indicate 59-year-old William Pamintuan Craig on Monday pleaded guilty to making and subscribing a false tax return.

The Internal Revenue Service said Craig underreported his income for tax years 2012 to 2017 by approximately $439,000, depriving the government of $143,237 in taxes.

A federal judge is scheduled to sentence Craig on Jan. 23.

He could be sentenced to up to three years in prison and fined up to $250,000.

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