The owner of a Monmouth County construction and demolition business is admitting to not paying employment and personal incomes taxes to the IRS, among other illegal activity regarding finances.

Don Farrall, Getty Images

Listen to Vin Ebenau mornings on Townsquare Media Jersey Shore Radio Stations, email him news tips here, and download our free app.

Acting U.S. Attorney Rachael A. Honig announced the guilty plea Wednesday of Peter Alvarez, 54, of Atlantic Highlands, on one count each of employment tax evasion and personal income tax evasion.

Alvarez was the owner of ‘Mr.Demo’ between 2011 and 2016 and during that time was supposed to be reporting to the IRS about taxes but withheld that information and taxes as well as FICA taxes for all his employees and then failing to pay those taxes every quarter.

Attorney Honig also explained that Alvarez cashed checks issued by clients and then used some of the cash to pay employees wages.

By using cash to pay Mr….

Read more…