A Fort Collins dentist pleaded responsible this week to hiding greater than $3.5 million in revenue from the IRS utilizing an unlawful tax shelter, in keeping with federal prosecutors and court docket data.
Ryan Ulibarri owned and operated Ulibarri Household Dentistry from 2014 and in 2016 arrange the tax shelter, which included a community of trusts and a non-public household basis, the U.S. Division of Justice mentioned in a information launch.
Ulibarri transferred hundreds of thousands of {dollars} in income from his dental follow into the shelter between 2017 and 2022, spending the cash on bank card money owed, his residence mortgage, boats and baseball season tickets.
He additionally filed fraudulent tax paperwork and induced a tax lack of greater than $1 million for the IRS.
The federal case in opposition to Ulibarri was filed in August. He pleaded responsible Friday to 6 counts of tax evasion and can withstand 5 years in jail for every depend when he’s sentenced June 17, prosecutors mentioned.
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