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The Nail Salon Empire With a $32M Tax Problem
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Subscribe04 JUN 2026 / ACCOUNTING & TAXES
Texas residents Vinh Q. Ho and Thanh Lan Do pleaded guilty to tax crimes tied to their nationwide salon business, which included more than 60 high-end nail salons and resulted in an estimated $32 million in tax loss. Prosecutors claim the business paid over $116 million in cash compensation from 2016 through 2024 that was never reported on worker tax forms, with the duo training salon managers to run this under-the-table cash payroll.
A nail salon receipt usually tells a simple story: polish, tip, maybe a little regret over choosing neon green. Federal prosecutors say this one told a much bigger story, one involving more than 60 salons, years of hidden cash payroll, and at least $32 mi...
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