Kamyar Soltani of El Dorado Hills Pleads Guilty To Tax Evasion

by Placerville Newswire / Mar 11, 2017 / comments

[PRpond]

Kamyar Soltani, 47, resident of El Dorado Hills, pleaded guilty on Friday, March 10, 2017 to tax evasion.
 
According to United States Attorney Phillip A. Talberts, Soltani attempted to evade or defeat the assessment of his tax obligations for the tax years of 2005, 2006, and 2007. Soltani worked in the used car sales industry and was well-paid for his work. In each of the tax years in question, Soltani received income subject to taxation of between approximately $229,000 and $296,000, and failed to file timely income tax returns for the tax years of 2005 and 2006. He ultimately filed tax returns for all three tax years in March 2008, but those returns were false in that they only reported income of approximately $14,000 to $18,500 in each year. As a result of his conduct and tax filings, Soltani evaded $150,446 in federal income taxes, paid no taxes for those years, and in each year received tax refunds of over $2,000 by falsely claiming that he was entitled to an Earned Income Tax Credit. In entering his guilty plea, Soltani admitted he acted willfully to evade taxes, in part, through his filing of false tax returns and by receiving his income in the form of cash and through payments made to third parties.
 
This case was the product of an investigation by Internal Revenue Service, Criminal Investigations. Assistant United States Attorneys Nirav K. Desai and Christopher S. Hales are prosecuting the case.
 
Soltani is out of custody.
 
Soltani is scheduled to be sentenced by Judge Garland E. Burrell, Jr. on May 26, 2017. Soltani faces a maximum statutory penalty of five (5) years in prison and a $100,000 fine. The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables. Under the terms of his plea agreement, Soltani must pay just over $150,000 towards restitution prior to sentencing.