Camarillo Pilot Pleads Guilty to State Income Tax Evasion
Public Affairs Office
For Immediate Release
Sacramento – A Camarillo pilot and businessman pleaded guilty to four counts of income tax evasion, the Franchise Tax Board (FTB) announced.
Charles Samuel Smith, 60, failed to file his 2000 - 2008 state income tax returns, did not report more than $1.8 million in income earned during these years, and owes more than $155,000 in personal income taxes.
Smith’s corporation, C&J T-28 Parts Sales, Inc. also failed to file state corporate returns for 2000 - 2008, did not report over $10 million in income, and owes more than $21,000 in unpaid corporate taxes.
Smith could face up to five years in state prisons. Sentencing is scheduled for June 28, in Department 13 of the Ventura County Superior Court. Senior attorney, Kevin Drescher with the Ventura County District Attorney’s Office is prosecuting the case.
The failure to file income tax returns is part of the $6.5 billion tax gap California faces each year. The tax gap is defined as the difference between the tax that is owed and the tax that is paid.
For more information on other taxes and fees in California, visit taxes.ca.gov.