The owner of a San Diego catering company pleaded guilty to tax evasion on Wednesday, U.S. Attorney Laura E. Duffy announced.
According to Duffy, 62-year-old Jamul resident Robert Peltier, owner of Ranch Catering, pleaded guilty to tax evasion charges stemming from 2003.
While operating his business at that time, Peltier allegedly deposited proceeds from Ranch Catering into accounts at two different banks.
When preparing his tax returns, Peltier only provided his tax preparer with information about deposits at one of the banks instead of both. Due to this, Peltier failed to declare $419,000 in catering income to the Internal Revenue Service, Duffy said.
By not reporting that income, Ranch Catering evaded paying $112,824 in due taxes.
With his guilty plea, Peltier is now required to pay $221,792 in back taxes, penalties and interest on the taxes he evaded in 2003.
The plea also contemplates that his son Jason Peltier, who co-owns the catering business, will enter into a separate civil settlement with the IRS requiring him to pay an additional $505,435 in back taxes, penalties and interest.
Robert Peltier could face a maximum of five years of imprisonment.