Las Vegas real estate professional Scott Lawrence pleaded guilty to tax evasion in a Nevada court, evading payment of over $1.9 million in taxes owed to the IRS.
According to court documents, from 2009 through 2019, Scott Lawrence owned and operated Turn Two Inc., a Nevada real estate company. In March 2010, the IRS levied Lawrence’s personal bank account to satisfy an existing tax debt he owed to the IRS.
After learning of the IRS levy, Lawrence took steps to thwart the IRS’s collection efforts. He began depositing a small portion of his wife’s paycheck into the levied bank account and withdrew the remaining portion in cash. Beginning in 2011, Lawrence deposited his wife’s entire paycheck and other earnings into a corporate bank account held by Turn Two, and used that account to pay most of his family’s personal living expenses.
Lawrence also directed his attorney to pay taxes owed to the IRS on an intentionally overdrawn bank account and to send a materially misleading letter to the agency. As a result of his evasive conduct, Lawrence owes more than $1.9 million in restitution to the IRS for his delinquent tax debt from 2005 through 2019.
Lawrence is scheduled to be sentenced on Jan. 26, 2023, and faces a maximum penalty of five years in prison for tax evasion. He also faces a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
Acting Deputy Assistant Attorney General Stuart M. Goldberg and U.S. Attorney Jason M. Frierson made the announcement. IRS-Criminal Investigation is investigating the case.
Trial Attorneys Patrick Burns and Boris Bourget of the Tax Division are prosecuting the case. Scott Lawrence, a real estate professional from Las Vegas, Nevada, pleaded guilty to tax evasion and is scheduled to be sentenced on January 26, 2023. He faces up to five years in prison and owes over $1.9 million in restitution to the IRS.
The case is a reminder of the importance of paying taxes owed to the IRS and the consequences of tax evasion. Tax evasion is a serious crime that can result in significant penalties and fines. It is essential for individuals and businesses to maintain accurate financial records and comply with tax laws to avoid similar situations.
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- Joseph White, Tax Evasion, Pennsylvania 2024 · New Hampshire
- Howard Hsu, Tax Fraud Conspiracy, Nevada 2024 · California
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Key Facts
- State: Nevada
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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