The co-owners of a Boston-area home health care company pleaded guilty last week in federal court in Boston yesterday for underreporting income to the IRS resulting in over $1 million in losses.

Hannah Holland, 51, of Quincy, and Sheila O’Connell, 51, of North Weymouth, pleaded guilty to an information charging them with one count of conspiracy to defraud the United States and three counts of aiding and assisting in the preparation of false tax returns.

According to court documents, Holland and O’Connell co-owned and operated Erin’s Own Home Healthcare Inc., a home health care business. Between 2010 and 2014, Holland and O’Connell cashed over $3.5 million of Erin’s Own business checks through nominee bank accounts controlled by an unnamed individual.

During this time period, Holland also personally cashed over $77,000 of Erin’s Own business receipts. None of these funds were ever reported to the IRS or accounted for in the company’s tax filings. Instead, Holland and O’Connell provided their tax preparer with a limited set of the financial records that did not cover the substantial amounts of business funds Holland and O’Connell diverted. As a result of the under reporting, Erin’s Own caused a loss of roughly $1.1 million to the IRS.

Sentencing is scheduled for Feb. 13, 2019.

Owners of Home Health Care Company Plead Guilty to Tax Fraud

by Banker & Tradesman time to read: 1 min
0