FRESNO, Calif. ( KSEE/KGPE ) – A 51-year-old woman pleaded guilty on Monday to tax evasion and obstructing an IRS audit by using her husband’s orthodontics practice, owing more than $870,000 in federal taxes along with her husband, the United States Department of Justice said.
According to court documents, from 2012 to 2015, Pilar Rose, 51, formerly of Fresno, prepared false financial statements for her husband’s orthodontics practice that significantly underreported its profits. As a result, Rose evaded more than $870,000 in federal taxes than she and her husband owed.
The DOJ says Rose had sought a 1.5 million home mortgage refinance loan on the couple’s mansion located on Van Ness Boulevard in Fresno in June 2015. She submitted copies of the couple’s federal tax returns showing a significantly greater income than what was reported when they filed with the IRS. The bank declined the loan after discovering the discrepancies.
Officials say Rose applied to a second bank for a $1,475,000 home mortgage refinance loan on the Van Ness Boulevard home a month later. In the application, Rose represented that their bank accounts had $250,000 combined, but they actually had less than $3,000. She also submitted copies of her and her husband’s tax returns, and a profit and loss statement that exaggerated the profitability of her husband’s orthodontics practice.