Westchester Construction Contractor Sentenced to Prison for Tax Evasion
WHITE PLAINS, N.Y. – Philip Castracucco, a 63-year-old resident of Tuckahoe, New York, pleaded guilty to filing false U.S. Individual Income Tax Returns in New York federal court, announced United States Attorney for the Southern District of New York, Jay Clayton, and Special Agent in Charge of the IRS-CI, Harry T. Chavis, Jr.
Castracucco, the owner of a contracting business, caused Company-1 business receipt checks in a total amount of more than $3.5 million to be cashed through a check cashing business and converted to cash, rather than deposited into Company-1’s business bank account. He used this cash to pay salaries and wages to himself and his employees; for other items purchased for his own benefit; and for materials used by Company-1.
Between 2018 and 2023, Castracucco filed with the Internal Revenue Service (“IRS”) U.S. Income Tax Returns for an S Corporation, IRS Forms 1120-S, for Company-1 that omitted its gross receipts from the aforementioned checks and more than $1 million of salaries and wages paid by Company-1 to Castracucco and others. He also caused to be filed with the IRS Forms 941, Employer’s Quarterly Federal Tax Returns, for Company-1 that omitted these salaries and wages.
Between 2020 and 2023, Castracucco filed and caused to be filed with the IRS personal U.S. Individual Income Tax Returns, IRS Forms 1040, that omitted more than $900,000 of business income Castracucco received from Company-1.
Castracucco pled guilty to one count of making and subscribing to false U.S. Individual Income Tax Returns, which carries a maximum sentence of three years in prison. He has agreed to pay restitution to the IRS, representing the additional tax due and owing as a result of his conduct, in an amount no less than $359,646.57. Sentencing before Judge Jessica G. L. Clarke is scheduled for September 9, 2026.
“Cheating on your taxes is stealing from your fellow New Yorkers,” said U.S. Attorney Jay Clayton. “Castracucco attempted to avoid paying his full obligation back to the government, one we all collectively share for essential services and infrastructure. He has now pled guilty to a federal crime and faces time in prison.
The case is being handled by the Office’s White Plains Division. Assistant U.S. Attorney Jeffrey C. Coffman is in charge of the prosecution.
Mandatory Facts:
1. Defendant: Philip Castracucco
2. Criminal Charge: Making and subscribing to false U.S. Individual Income Tax Returns
3. City and State: White Plains, New York
4. Date: Pleading guilty today
5. Sentence: Maximum sentence of three years in prison, plus restitution of no less than $359,646.57
Related Federal Cases
- De Leon Lucas, Wire Fraud, New York 2009 · Connecticut
- Intelligent Military, Wire Fraud, New York 1996 · Connecticut
- David B. Schmitt, Tax Evasion, New York 2024 · New York
- Morris Zuckerman, Tax Evasion, New York 2016 · New York
- Marc A. Seedorf, Tax Evasion, New York 2024 · New York
Key Facts
- State: New York
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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