Colorado Arabian horse breeder faces tax charges

A Colorado breeder of Arabian horses stands defendant of revenue enhancement evasion, amongst government alleging he did non pay taxes in addition to failed to study substantial income from his breeding businesses.

Nikitis A. Mangeris, 69, of Berthoud, was arrested on Jan xviii at his habitation for income revenue enhancement evasion.

The U.S. of America Attorney’s Office in addition to IRS Criminal Investigation unit of measurement said Mangeris was indicted yesteryear a federal grand jury inwards Denver on Jan 9, for revenue enhancement evasion in addition to aiding in addition to abetting inwards revenue enhancement evasion. The indictment remained sealed until his arrest in addition to subsequent initial appearance.

Mangeris appeared inwards US District Court inwards Denver on the 24-hour interval he was arrested. He was released on a $US10,000 unsecured personal appearance bond. He is scheduled to look inwards courtroom this Thursday.

Authorities said Mangeris operated the Les Beaux Chevaux in addition to Tenet Investment Group businesses, each of which held Arabian horses in addition to provided Equus caballus breeding services.

About 12 of the horses were registered amongst the Arabian Horse Association inwards the lift of Les Beaux Chevaux in addition to close ii of the horses were registered amongst the Arabian Horse Association inwards the lift of Tenet Investment Group.

Mangeris kept in addition to cared for, at his residence, some of the horses, including a breeding stallion known every bit MHR Nobility.

Authorities said Mangeris had non filed a US Individual Income Tax Return, Internal Revenue Service Form 1040, for calendar years 1997-2003, 2005-2007, or 2010.

Beginning inwards 2002, the IRS conducted an audit of Mangeris for 1997-1999. Early inwards 2004, Mangeris signed an IRS Form 4549, consenting to the IRS assessment in addition to collection of dorsum taxes, penalties, in addition to involvement from him for calendar years 1997, 1998, in addition to 1999 for amounts totaling close $US850,235.77, $US18,349.27, in addition to $US23,370.24, respectively.

Despite agreeing to these dorsum taxes, penalties, in addition to interest, Mangeris has evaded payment of these amounts, the government said.

In or roughly 2004 in addition to 2007, he filed IRS forms which failed to listing all income, assets, liabilities in addition to other information. Around 2005, he filed a flat for 2004 which failed to study substantial amounts of income from his Equus caballus breeding businesses in addition to receipts from semen sales.

Furthermore, he is alleged to accept directed third-party buyers to brand payments for the purchase of semen in addition to offspring derived from his businesses’ horses to other individuals in addition to entities asset depository fiscal establishment accounts he controlled in addition to paid his ain personal expenses through such accounts.

“With revenue enhancement flavor roughly the corner, this indictment should serve every bit a reminder that anyone who evades paying their taxes volition endure held criminally accountable,” said US Attorney John Walsh.

“As revenue enhancement filing flavor approaches, this is a reminder that all taxpayers should file consummate in addition to accurate revenue enhancement returns; all income regardless of the root is taxable,” said Stephen Boyd, Special Agent inwards Charge, IRS Criminal Investigation, Denver Field Office.

Mangeris was charged amongst i count of income revenue enhancement evasion in addition to aiding in addition to abetting. If convicted, he faces non to a greater extent than than 5 years inwards federal prison, in addition to a fine of upward to $US250,000.

This illustration was investigated yesteryear agents amongst IRS-Criminal Investigation. The illustration is existence prosecuted yesteryear Assistant US Attorney Kenneth Harmon in addition to Special Assistant US Attorney Kevin Sweeney, a lawsuit attorney from the Justice Department’s Tax Division.

 

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