PITTSBURGH Ohio Scrap Corp. is facing the permanent loss of $1.2 million seized in an Internal Revenue Service raid last November.
The U.S. Attorneys Office has filed a complaint for forfeiture of $1,264,000 seized from the Delta, Ohio-based company and owners Carrie and Todd Zappone.
The IRS raided Ohio Scrap on allegations that the company and its owners were evading taxes and structuring bank deposits to avoid detection (amm.com, Dec. 3).
The Zappones claimed on their tax returns that they had no income yet withdrew $1.1 million from accounts, according to the court documents, which indicated that they also were suspected of failing to file income tax returns for 2010 and 2011.
The U.S. Attorneys Office notice is intended to give any party who has a legal interest to the money 60 days, beginning April 24, to file a verified claim with the clerk of court at the U.S. Courthouse in Toledo, Ohio.