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Ex-NJ Business Owner From Brooklyn Admits Ducking Taxes On $4.1M Company Buyout Ex-NJ Business Owner From Brooklyn Admits Ducking Taxes On $4.1M Company Buyout
Ex-NJ Business Owner From Brooklyn Admits Ducking Taxes On $4.1M Company Buyout UPDATE: A former New Jersey business owner admitted short-changing the IRS by $1.1 million after selling his stock to the company. David Seruya, 42, of Brooklyn sold his shares to the Edison-based home-warranty company for more than $4.1 million in a 2014 buyout, federal authorities said. The deal included a lump sum payment and installment payments spread out over 24 months, according to the U.S. Justice Department. On three straight tax returns, from 2014 through 2016, Seruya gave his return preparer “false and incomplete income information,” underreporting the income he received from th…

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by Jerry DeMarco