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James recovers $4.7 million from NYC truck rental firms, accountant over decade-long tax evasion

NY Attorney General Letitia James recovered $4.7 million from two NYC truck rental companies and their accountant for a decade-long sales tax evasion scheme.

Exterior of 28 Liberty Street, the Lower Manhattan skyscraper housing the NYC offices of the New York State Office of the Attorney General. This statewide enforcement settlement was announced by AG Le

James recovers $4.7 million from NYC truck rental firms, accountant over decade-long tax evasion

NY Attorney General Letitia James recovered $4.7 million from two NYC truck rental companies and their accountant for a decade-long sales tax evasion scheme.

James recovers $4.7 million from NYC truck rental firms, accountant over decade-long tax evasion
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New York Attorney General Letitia James said Feb. 10 that her office recovered more than $4.7 million from the owners of two New York City truck rental companies and their accountant for what she described as a decade-long sales tax evasion scheme.

The settlement covers Able Rentals, Inc. and Abarn Equipment Corp., along with accountant Howard Zapken, according to the Office of the Attorney General. An investigation by the office found that the companies’ owners, Myron and Martin Schulman, pocketed sales taxes they collected from customers on more than $15 million in revenue from 2014 through 2024 by vastly underreporting their taxable sales to the state, the office said.

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Filed underAbarn Equipment / Able Rentals / Tax Evasion

Bushwick Daily News Desk. Neighborhood news, politics, real estate, and business coverage produced by the Bushwick Daily newsroom.

Produced by Bushwick Daily News Desk

Neighborhood news, politics, real estate, and business coverage produced by the Bushwick Daily newsroom.

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