A Great Example of How Mishandling an Audit Can Turning Into A Criminal Proceeding!

According to DoJ, A New Jersey man was arrested on April 5, 2024 on an indictment returned by a federal grand jury in Trenton, New Jersey, charging him with tax evasion and obstructing the IRS. 

According to the indictment, in 2015 and 2016, Matthew Tucci, of West Long Branch, received millions of dollars in income from purported refunds by the Customs and Tax Administration of the Kingdom of Denmark. 

Tucci allegedly filed federal tax returns for those years that reported he owed over $2 million in taxes, but included no payment with his returns. 

Instead, Tucci allegedly sought to evade IRS efforts to collect the taxes due. 

• He allegedly purchased more than $7.6 million-worth of real estate and attempted to conceal his ownership of these assets from the IRS by, among other things, transferring title to some of these properties to nominees. 
• He also allegedly made false statements to the IRS and withheld important facts from the IRS concerning his financial resources and his ability and intent to pay.

If convicted, Tucci faces a maximum penalty of five (5) years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors. IRS Criminal Investigation and the FBI are investigating the case.

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