RESTAURANT OWNERS GET HOUSE ARREST IN TAX EVASION CASE – The IRS found that the couple disguised $1 million in personal expenses as business expenses.

[vc_row][vc_column][vc_column_text]The former owners of a Colorado restaurant have been sentenced six months of house arrest for tax evasion.

Kenneth and Suzanne Fusco, of Durango, Colorado, were also sentenced to 150 hours of community service, a $25,000 fine, more than $160,000 of restitution, and five years of probation supervision after pleading guilty to tax evasion.

According to court records, the Fuscos operated a restaurant called Ken & Sue’s on Main Street Durango for 22 years. When the Fuscos put their restaurant up for sale in February 2020, an investigation was initiated and the Fuscos were found to have overstated their business expenses to reduce their tax liability from 2014 to 2019.

During the IRS investigation, Suzanne Fusco stated, “We’re masters at—”

“Disguising,” her husband Kenneth Fusco said, finishing her sentence.

The Fuscos explained that they hid various personal expenses as business expenses to lessen their tax liability. Based on that information, the IRS executed a search warrant on the premises of the restaurant

The IRS investigation revealed that the Fuscos intentionally categorized nearly $1 million in personal expenses as business expenses.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][us_image image=”1189″][/vc_column][/vc_row]