Affidavits: Loris contractor under reported almost $500K in income on tax returns

Affidavits: Loris contractor under reported almost $500K in income on tax returns
Nick Kaltsunis (Source: JRLDC)

HORRY COUNTY, SC (WMBF) – A Loris contractor was arrested Monday for alleged tax evasion.

According to a press release from the South Carolina Department of Revenue, 50-year-old Nick Angelo Kaltsunis faces four counts of attempting to evade or defeat a tax.

Affidavits state Kaltsunis underreported a total of $492,266 in gross income on his tax returns, claiming a total of $6,310 in refunds while his total tax liability for 2014 through 2017 was $8,487.

The suspect is accused of evading an assessment of $14,797 in taxes due, the release stated.

If convicted, Kaltsunis faces up to five years in prison and/or a fine of up to $10,000 for each charge, plus the cost of prosecution.

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