RESTAURATEURS PLEAD GUILTY TO TAX EVASION.Byline: Michael Michael, archangel Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. Coit n. 1. A quoit. v. t. 1. To throw, as a stone. [Obs.] See Quoit. Daily News Staff Writer The owners of a popular pair of Japanese restaurants in Thousand Oaks Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. and Tarzana pleaded guilty Monday for failing to report more than $1 million in taxable income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. from sales over three to six years, federal officials said. Appearing in the U.S. District Court in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Akio Kawashima pleaded guilty to subscribing to a false corporate income tax return, and his wife, Fusako Kawashima, pleaded guilty to assisting her husband in preparing the false return. The Westlake Village couple, who own Cho Cho San restaurants, are scheduled to be sentenced by U.S. District Judge Robert Takasugi on Nov. 10. Each faces a maximum sentence of three years in federal prison and $100,000 in fines, said Assistant U.S. Attorney Steven Linnick. Linnick would not comment on what the couple is likely to face, though he said the charges were serious. ``We consider this very serious by virtue of both the length of time and the money involved.'' The Kawashimas did not return phone calls seeking comment. The Tarzana restaurant opened in 1983, and the Thousand Oaks restaurant opened in 1987. Linnick said the couple owned two restaurant corporations and failed to report taxable income from one between 1985 and 1991 and from the other between 1988 and 1991. The couple failed to report more than $1 million in taxable income. The total tax loss to the federal government was more than $200,000, officials said. Internal Revenue Service criminal investigators began their probe in 1995 and federal prosecutors filed the information describing the charges Monday. The couple pleaded guilty at their arraignment A criminal proceeding at which the defendant is officially called before a court of competent jurisdiction, informed of the offense charged in the complaint, information, indictment, or other charging document, and asked to enter a plea of guilty, not guilty, or as otherwise permitted on the charges Monday, Linnick said. |
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