Defense contractor CFO pleads guilty to withholding payroll taxe - San Diego, California News Station - KFMB Channel 8 - cbs8.com

Defense contractor CFO pleads guilty to withholding payroll taxes from IRS

Posted: Updated:

SAN DIEGO (CNS) - The owner and chief financial officer of a San Diego defense contractor pleaded guilty in federal court Thursday to failing to pay over to the United States payroll taxes that she withheld from employees' paychecks.

Ildiko Pinero, 35, who owns Alpha Machining Products & Development Inc., is scheduled to be sentenced April 19.

At the time of the offense, Alpha was a defense contractor engaged in the machining of weapons parts and other products for the Department of Defense.

Authorities said that as an employer, Alpha was required to withhold employment taxes it paid to its workers, including federal income taxes and the employees' share of Social Security and Medicare taxes, commonly referred to as "trust fund taxes."

After collecting the trust fund taxes, Alpha was required to pay them over to the Internal Revenue Service.

In addition, Alpha was required to account for and pay over its own "employer's share" of the Social Security and Medicare taxes resulting from employing their workers.

Pinero, of El Cajon, admitted during her guilty plea that from January 2006 through September 2008, she withheld payroll taxes from the paychecks of Alpha's employees, including more than $110,000 in withholdings for federal income tax, plus the employees' share of Medicare and Social Security taxes.

Despite withholding these sums from the employees' paychecks, Pinero refused to pay the taxes to the IRS, according to authorities.

The defendant also failed to pay over Alpha's share of Social Security and Medicare taxes in the amount of approximately $57,000.

  • Local NewsMore>>

  • Cab driver killed in accident with wrong way driver

    Cab driver killed in accident with wrong way driver

    Saturday, April 19 2014 9:26 PM EDT2014-04-20 01:26:55 GMT
    There was a deadly crash on Interstate 5 in Old Town and police say a wrong way driver is to blame. 
    There was a deadly crash on Interstate 5 in Old Town and police say a wrong way driver is to blame. 
  • Woman survives paragliding crash in La Jolla

    Woman survives paragliding crash in La Jolla

    Saturday, April 19 2014 9:15 PM EDT2014-04-20 01:15:54 GMT
    Lifeguards say a woman is thankful to be alive, after a paragliding crash near the Torrey Pines Glider Port. 
    Lifeguards say a woman is thankful to be alive, after a paragliding crash near the Torrey Pines Glider Port. 
  • Driver may face murder charges in deadly crash

    Driver may face murder charges in deadly crash

    Saturday, April 19 2014 8:56 PM EDT2014-04-20 00:56:30 GMT
    Two people are dead and a suspected drunk driver is in the hospital, after a crash in the East County on westbound Interstate 8, east of Lake Jennings Park Road in Blossom Valley Saturday morning. 
    Two people are dead and a suspected drunk driver is in the hospital, after a crash in the East County on westbound Interstate 8, east of Lake Jennings Park Road in Blossom Valley Saturday morning. 
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Midwest Television, Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.