Is the accountant John Savignano being accused of incompetence and a $400,000 fraud?

John Savignano is a New York certified public accountant who pleaded guilty to conspiring to defraud the IRS. 

Before we get started with this review
Such posts are made possible by the collective efforts of our contributors. If you can provide any kind of insight into John Savignano or a similar company/individual, then share your information with us using our secured form.

You can help us put a stop to online scams before they grow too big and end-up ruining thousands of lives. A scam is a scam, doesn’t matter if it’s big or small. Now that this is out of the way, let’s get started with the review.

He conspired with Rocco Manzione, the owner of multiple concrete companies. Together, they planned to evade the assessment of individual income taxes. 

Rocco hadn’t paid any taxes from the tax year 2012 to 2014. However, he had earned handsomely from his concrete businesses. 

Then, he tried to borrow funds in 2015 to buy a condominium in Miami. 

John Savignano
A picture of John Savignano

However, the loan application required John Savignano CPA’s client to supply three years of filed tax returns. 

Hence, Rocco contacted John to help him prepare and file false individual tax returns with the IRS. John Savignano underreported his client’s income substantially.

The conspiracy caused the IRS losses of more than $400,000. 

He faced a maximum penalty of 5 years in prison. Also, he faced a period of supervised release, monetary penalty and restitution. The DOJ released a notification on this case on October 7, 2021. 

UBfIG v5YsdVg jN PmAYmuWieysxCReU1mLuIgR9IEds8b39w7tLYD

More Info on John Savignano of Savignano Accountants & Advisors

Until 2021, John ran Savignano Accountants & Advisors, an accounting firm in New York. Their address is 47-46 Vernon Blvd 2nd Floor, Long Island City, NY 11101. 

The contact number of that firm was 718 707 0955. 

1/12/2023 Update
As of now, John Savignano has not responded, nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by his victims. Furthermore, he has only focused on propagating his fake PR.

John had been running this firm since 2012. He graduated from St. John’s in 1983. He sat for the CPA exam that year and received his license in 1985. 

Also, he claims to have provided bookkeeping services to Fortune 100 companies. However, 

Currently, he is operating Bottom Line Consulting. He started working at the firm in January 2021 and has been running it since. Apart from having a CPA certification, John also has a CGMA certification. 

On paper, you would think John is a reliable professional with decades of experience. However, it’s obvious that he is a criminal. Furthermore, his firms have received a ton of complaints from their clients

The next section will shed some light on John Savignano Accountant reviews: 

“John Savignano is a Careless Accountant”

7tgOWsGZSfV5Gj0Qa qd0HBDJ4cTTiLh0fz5PzjFER7Pt Nc564FTpWmG3 r2HebLieqICqh0gdozdTynWZSzamgUOIgZooihyn2H507NOran8oY6LtKYY7Ixg1 Doc6eWmlT5hVSa3fopeySQ

Sean doesn’t recommend John Savignano as an accountant. 

He found them through H&R Block and spoke with a senior accountant initially. However, when he sent his tax materials, the senior staff member stopped responding to his calls and emails. 

Then, they passed him off to a very junior accountant. The new accountant made numerous mistakes as every draft he sent to Sean had serious errors. 

Eventually, Sean thought he had caught all the mistakes. So, he had the accountant file his returns. 

Unfortunately, Sean says he is not an accountant. Savignano made too many mistakes and Sean wasn’t able to identify all of them.

As a result, he had to pay several fines to New York State. 

He hopes that nobody would need a copy of his 2020 tax return because he has no faith in Savignano’s work. 

Also, Sean is certain he overpaid for the work. He doesn’t recommend John Savignano CPA.

John Savignano’s Firm Made Numerous Errors, Forcing the Client to Pay Penalties

ECXb5FG1pFprc0unT9UnmGakMvfTRXMch2vj7z1 eGo6QeNjRewi532YUtQLi8X2TSnspastcZviec0S4kQLvyIHf0HuosbosCg4wp61XuiCoLvVzy89IcOoYv5mQMZ92R84pou OABm1F p4g
aYYGh32qCT9ER3qMcBlA4Rjz7H9rIjUUxaZrlb6QOFTzl2FlAoScDMqGgsuguRsY0IWJ soitC SRCmYPSKsd 8RRSXKJaJETMUBJLOUNi47zXE Z4nXHh

Julie shares that she would give this place 0 stars if possible. The entire experience was a nightmare. 

She points out that the firm doesn’t have transparent pricing. Also, they were late in giving her the tax return draft and made a mistake in filing her tax returns. What’s worse is they didn’t even fix the mistake in time. 

Julie says if you are an honest taxpayer looking for a reliable tax professional, avoid John Savignano Accountant at all costs then. 

She found John when she looked up H&R Block. Then, she had a consultation with them where she brought all the required documents. 

However, the consultation was very short and they only scanned all the documents. She told them specifically when she wanted them to file her tax returns and the reason why. 

They assured her that they would prepare the tax returns within the deadline. 

Surprisingly, they never brought up the pricing issue during the consultation. She asked them how much they would charge and they told her they would let her know after preparing the tax return. 

Sadly, Julie did not receive her tax return by the promised date. However, she had paid them in full hoping the headache of filing tax returns would be gone. She was mistaken. 

How Savignano’s Error Caused the Client to Face Multiple Penalties:

Later, she received a letter from the State Department of Revenue saying she still owed them tax. Also, they were charging her extra interest as a penalty. 

Julie contacted John immediately and asked his firm to check her tax return. A staff member told her that they would look at the letter she received and get back to her soon. 

Also, she suggested Julie to let the firm handle the letter instead of calling the Department of Revenue. 

Afterwards, Julie did not receive an update for a week. She had called or emailed the firm everyday but they didn’t respond for an entire week. 

Then, the firm asked her to sign a Power of Attorney to authorize them so they can talk to the Department of Revenue on her behalf. 

This baffled Julie. 

Later, she contacted the Department of Revenue herself. They told her that whoever prepared her taxes had put in the wrong deduction number in the form. Clearly, Julie was glad she didn’t sign the POA for Savignano accountants. 

The firm still wants her to sign the POA but Julie says she will never trust those guys with anything. 

Because of such a terrible experience, she doesn’t recommend John Savignano as an accountant. 

If you have sensitive information or have had a personal experience with John Savignano but want to stay anonymous, then submit it using our secured form. You can connect with our expert contributors and help in finding the truth. We never share your information with 3rd parties.

Additional Reviews on John Savignano Accountant:

yqoDlbjZGiAPiLdDAPU9YHFCxbhFameym5PEUgkMMZJqzfWtUSpLSCGwrNJsR6jTeA0tADc8qwFIrMvjEhQu9Qsn933K3aMJ3WGcTEpd 9SgphyXL7tZRUciRC3a5tqVZFzfinEz6F4IIYndAw
qYcw2WMJQuOYmAaI rr uae9ACPd8ErTjWuWkqGH4QXDYZhVl7Hx8uCuVm0
0wZuoIrJalrKw45bix9j6XAOTeT6fH9MhQ5Lt5MnPqG0nSm9z7q4jvZOS76dJPZaTY6HaCe4vz8hwWy9Dieg6i4FkaajuLxHdRwZX 4E Kz5bfZgXpQQW0g40cM qD3ofEc2yoPulLIQHcLf6w
xA41XGxgDc yyS rK459lSib6dr74eJok HpKBsaPPwPwcNI202uCpwX0f6jAYTc26BjtFws6bsWOcZR eEJNCzx4mRmhblzsKdHXRoG RL0Mwhnq7ACLo j4sqnDpUuYd4r99EyPffo0Oa2g
cosC2noru77GEFk kExMY 7OymYxO6eA6zmF94SZr1mVPg4e4xxun guRzYDDkvNI9ngjdaQgsdDvQhDiKFDbvFd5OSS5IuB

Verdict

You should be extremely cautious of negligent and careless accountants. For example, Inchmead Accountants is a UK-based firm which caused its clients to lose millions in the last few years. 

It seems John is on a similar path.

John Savignano is guilty of conspiring to defraud the IRS, causing them damages of around $400,000. 

Furthermore, his firm has received numerous complaints for being inattentive and careless while filing their tax returns. Several of his clients have had to pay penalties because of Savignano’s mistakes. 

Certainly, John is not a reliable accountant. You will be better off with someone else. 

1.9 Total Score
Unreliable

John Savignano CPA was found guilty of conspiring to defraud the IRS for $400,000. His firm has received numerous complaints for negligence and carelessness. Certainly, he is not as reliable as he claims to be.

2.7Expert Score
Trust
2.2
Experience
3.9
Concern for Clients
2.2
Ethics
2.6
1.1User's score
Trust
1.2
Experience
1
Concern for Clients
1.5
Ethics
1
PROS
  • Experienced
CONS
  • Guilty of $400,000 fraud
  • Negligent
  • Caused clients to pay heavy penalties due to his errors
  • Disregard for clients
Add your review  |  Read reviews and comments

7 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. 0.75
    Trust
    10
    Experience
    20
    Concern for Clients
    20
    Ethics
    10

    My wife and I had to spend an additinoal $1200 in fees because Savignano Accountants couldn’t do their job properly. You’d expect an accountant firm to have some idea of how to file taxes but nope, they are too careless. Our tax forms had too many errors. We ended up paying a ton of fine. In my opinion, this is blatant scam because they are not offering what they promise to.

    + PROS: None
    - CONS: Unprofessional careless
    Helpful(0) Unhelpful(0)You have already voted this
  2. 0.5
    Trust
    10
    Experience
    10
    Concern for Clients
    10
    Ethics
    10

    Don’t trust Savignano Accountants. Their staff started arguing with my retired father when he complained about their slow service. No accountancy firm should behave this way. They are insensitive and inconsiderate.

    + PROS: None
    - CONS: Poor staff No idea about customer service Disrespectful towards their clients
    Helpful(1) Unhelpful(0)You have already voted this
  3. 1
    Trust
    30
    Experience
    10
    Concern for Clients
    30
    Ethics
    10

    John Savignano is an incompetent accountant. We had to pay fines because these people didn’t submit the right documentation.

    Helpful(2) Unhelpful(0)You have already voted this
  4. Cobwebs are forming on the news. Yet none of the perpetrator has been punished.

  5. Con artist are everywhere in every culture

  6. 0.1
    Trust
    0
    Experience
    0
    Concern for Clients
    0
    Ethics
    10

    these kinds of people should be hanged to death

    Helpful(0) Unhelpful(0)You have already voted this
  7. “Nobody every got rich by being honest.” -Harry Wormwood (Played by Danny Devito from the movie Matilda) (1996).

Leave a reply

Your total score

Gripeo
Logo
Register New Account