When faced with overwhelming tax debt, some business owners panic—and make choices that lead to devastating consequences.
That’s what happened to Steven Loo, a Seattle businessman who was recently convicted of tax evasion and filing false returns. Loo concealed more than $4.7 million in income from his commercial property ventures by funneling money through shell companies between 2015 and 2020. His actions resulted in $1.6 million in unpaid taxes, and now he faces years in federal prison.
Most taxpayers won’t end up in court—but this case serves as a powerful reminder: hiding from the IRS only makes matters worse.
There’s a Better Way
At M.A. Rubin CPA, PLLC, we help individuals and business owners deal with IRS problems the right way—legally, professionally, and effectively. Whether you’ve fallen behind on taxes, received a notice, or just don’t know where to start, we’re here to help you resolve your issue and protect your future.
Don’t wait until things spiral out of control. Contact M.A. Rubin CPA, PLLC today for a free consultation and take the first step toward relief.
Schedule an Appointment Below!
M.A. Rubin CPA, PLLC
Tel: 833-MA-Rubin (627-8246)
Email: Blog@RubinTaxRelief.com
Disclaimer: This blog post is for informational purposes only and does not constitute legal or tax advice. Consult with a qualified professional for specific advice regarding your business.
