Bus co. owner charged with failure to pay corporate, personal taxes

WHITE PLAINS – The owner of a bus company is charged with grand larceny and tax fraud in Westchester County.
Salvatore DiPaolo, 68, of Yonkers, owns Service Transit Lines, Inc., a Yonkers-based for-hire commercial and school bus company.
He allegedly collected withholding taxes from his employees and failed to remit them to the state Taxation and Finance Department from 2011 through 2016. The total amount was some $127,000. He also owns Bus Services Corp., New York Tours Corp., and Serbusco, all of which are located in Yonkers. He is alleged to have filed his 2012, 2013 and 2014 state personal tax returns, knowingly failed to include income totaling nearly $37,000 received from his businesses.
DiPaolo was arraigned on one count of grand larceny, three counts of criminal tax fraud and three counts of offering a false instrument for filing, all as felonies.  He pled not guilty with bail set at $25,000.
If convicted, he faces up to 15 years in state prison.