A Clarence Center man has pleaded guilty in federal court to tax evasion, according to the U.S. Attorney's Office.
Prosecutors said 61-year-old Mark E. Wolanyk and his minor son in October 2010 opened an account at First Niagara Bank in the boy's name, with Wolanyk listed as a custodian of the account.
Wolanyk admitted that, through December 2013, he made deposits into the account, including business deposits totaling about $258,911.
Between January 2011 and December 2013, Wolanyk made cash withdrawals from the account that totaled about $260,875, prosecutors said.
On Sept. 20, 2011, Wolanyk submitted a form to the IRS for self-employed individuals, but failed to list the First Niagara account.
In January, April and December of 2013, Wolanyk was issued five checks totaling $60,000 as compensation for services rendered in connection with a real estate transaction, all of which were deposited in the First Niagara account.
On Oct. 15, 2014, Wolanyk filed a false 1040 U.S. Individual Income Tax Return for 2013 claiming $77,477 in gross income and $56,492 in total income.
Prosecutors said Wolanyk knew his taxable income for the calendar year was greater than the amount reported on his tax return.
On Feb. 24, 2014, Wolanyk had previously filed a 1040 form for 2013 claiming a loss of $1,500 total income. Neither return reported the five checks totaling $60,000 deposited into the First Niagara account, prosecutors said.
The total loss to the IRS associated with Wolanyk's false filings was $243,386, according to the U.S. Attorney's Office.