Rocco Manzione, Queens Business Owner Sentenced for Tax Crimes

Rocco Manzione, Queens Business Owner Sentenced for Tax Crimes

A New York man was sentenced today to 30 months in prison for tax evasion and employment tax crimes.

Rocco Manzione, of Queens, owned and controlled many concrete enterprises in Brooklyn, according to court documents and testimony. Manzione deducted more than $1 million in federal employment taxes from his employees’ earnings between 2011 and 2017, but he failed to file employment tax reports on time or pay the appropriate taxes to the IRS. Manzione, on the other hand, used the money for family trips, numerous mortgages, private school tuition, and expensive vehicles. Manzione failed to pay the IRS $85,000 in employment taxes for Advanced Transit Mix Corp., one of his firms, in the third quarter of 2016.

In addition to the payroll tax scheme, Manzione also filed false tax returns and evaded his individual income taxes. From 2012 through 2017, Manzione initially did not file federal income tax returns, even though he earned more than $3.9 million in taxable income during that period. He concealed some of his income from the IRS by transferring funds from one of the concrete companies he owned to a bank account in the name of a nominee corporation.

In December 2015, Manzione wanted to purchase a condominium in Miami for more than $1 million. The lending banks, however, required him to provide federal income tax returns for the previous three years. To qualify for a mortgage, Manzione conspired with his accountant, John Savignano, to file false 2012 through 2014 tax returns that underreported his income for each of those years.

In total, Manzione caused a tax loss to the IRS of more than $2.8 million. Savignano is scheduled to be sentenced on April 27.

Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division made the announcement.

IRS-Criminal Investigation investigated the case.

Trial Attorneys Brittney Campbell and Kathryn Carpenter of the Justice Department’s Tax Division prosecuted the case.

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