Local Businessman Sentenced In Income Tax Evasion Case - Cincinnati News, FOX19-WXIX TV

Local Businessman Sentenced In Income Tax Evasion Case

(CINCINNATI) -- A local businessman has been sentenced to three years probation, one year of which will be serve in home incarceration, 400 hours of community service and a $10,000 fine for committing tax evasion.

That sentence was handed down Monday against Ahmad Khalaf, 48, of West Chester.

According to court documents and testimony, during 2004 and 2005, Khalaf was the President of several corporations, four of which operated as retail clothing stores in Cincinnati. Khalaf skimmed cash from the stores in the amount of $277,162 and deposited the cash on his 2004 and 2005 individual federal income tax returns. Khalaf willfully evaded $86,004 in income taxes for the years 2004 and 2005.

Prior to sentencing, Khalaf paid all back taxes, interest and penalties. The fine is in addition to what he already paid.

The case was investigated by special agents of IRS-Criminal Investigation.

FOX19.com staff

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