A Destrehan businesswoman has been brought to justice after a lengthy investigation into her alleged tax evasion schemes. Sandy Isaac-holden, 53, was sentenced to 48 months of probation and ordered to pay $384,712.27 in restitution to the Internal Revenue Service for taxes due and owing.
According to court documents, Isaac-holden received unreported income for tax year 2010 from a contract between two companies, Company “A” and Company “B.” Isaac-holden had been employed as the on-site manager for Company “B” and her job responsibilities included managing the Company “B” staff, interacting with Company “A” managers, and retaining subcontractors for work that was outside the scope of work set forth in the contract between Companies “A” and “B.”
Isaac-holden received invoices from subcontractors and paid subcontractors (“G & M”) directly. She often awarded this out-of-scope work to G&M Services, LLC, which she concealed her interest in by listing her sister’s post office box as the address for G&M on all of the invoices to Company “B.” Isaac-holden also stated to the owners of Company “B” that G&M was owned and operated by “Mr. G” and operated by a man named “Robert.”
Isaac-holden submitted false Forms W-9 in order to conceal from the IRS that she was the person actually earning the income. These forms were submitted in 2009 and 2010 and contained the forged signature of another person. On April 24, 2011, Isaac-holden signed and placed into the mail for filing with the Internal Revenue Service a false 2010 Form 1040 tax return which stated that her income for the 2010 calendar year was the sum of $57,466, and that she was owed a refund in the sum of $4,564.
However, Isaac-holden knew that her taxable income for the 2010 calendar year was the sum of $455,230. She therefore owed income tax in the amount of $163,083.66, rather than a refund. U.S. Attorney Kenneth A. Polite praised the work of the Internal Revenue Service in investigating this matter. Assistant United States Attorneys Jon Maestri and Andre Lagarde are in charge of this prosecution.
Isaac-holden’s tax evasion scheme has left her facing the consequences of her actions. Her 48 months of probation and $384,712.27 in restitution to the Internal Revenue Service serve as a reminder that tax evasion will not be tolerated. This case highlights the importance of accurate and honest tax reporting and the severe penalties that come with failing to do so.
As a reminder to the community, tax evasion is a serious crime that can have severe consequences. If you or someone you know is facing tax evasion charges, it is essential to seek the advice of a qualified attorney to ensure the best possible outcome.
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Key Facts
- State: Louisiana
- Category: White Collar Crime
- Source: DOJ Press Release ↗
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