Real Estate Developers Fail to Report $25 million to IRS

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Three real estate developers, including a former Senate candidate neglected to report nearly $25 million in income they derived from three Vancouver, Washington shopping center projects. The three are Bellevue developer Winston Bontrager, his girlfriend, Pauline Anderson, and his son, 2004 Republican state Senate candidate Jason Bontrager. The three projects in question are the Salmon Creek, Hazel Dell and Eastgate Plaza developments.

Agents raided their offices last month in the course of investigating their income since 2000. According to a search warrant application that the IRS put in, the three collaborated together to conceal evidence of their earnings by overstating their business expenses, under-reporting their earnings and transferring money among a network of bank accounts in the US and Australia.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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