Ryan Ulibarri, DDS, owned and operated Ulibarri Family Dentistry in Fort Collins, Colo. In 2016, Dr. Ulibarri purchased a tax shelter for $50,000, according to a Feb. 28 news release from the Department of Justice. The tax shelter was used to conceal more than $3.5 million in income earned from his practice, as well as create false tax deductions through the use of various trusts and a foundation.
Dr. Ulibarri allegedly caused the IRS a tax loss of more than $1 million.
Dr. Ulibarri is scheduled to be sentenced June 17. He faces a maximum penalty of five years in prison for each count of tax evasion in addition to a period of supervised release, restitution and other monetary penalties, according to the news release.
