FORT COLLINS, Colo. (KRDO) — A Colorado dentist was sentenced Tuesday, June 17, to 41 months in prison for tax evasion related to his use of an illegal tax shelter.
According to the United States Department of Justice (USDOJ), Ryan Ulibarri, owner of Ulibarria Family Dentistry in Fort Collins since 2014, purchased an abusive-trust tax shelter costing the United States a tax loss of $1.6 million.
USDOJ says Ulibarri purchased the shelter in 2016 for $50,000, which involved hiding money and creating false tax deductions through a fake business trust, family trust, charitable trust, and a private family foundation, all of which Ulibarri created and controlled…