The owner of a Nome hotel, bar and liquor store destroyed in a 2017 fatal fire now faces a federal indictment on charges that she failed to report more than $3 million in income to the Internal Revenue Service.
One person was confirmed dead after a fire destroyed the Polaris Hotel in downtown Nome, Alaska, on October 31, 2017. now faces a federal indictment on charges she failed to report more than $3 million in income to the Internal Revenue Service.
Tina Yi, who operated the Polaris Hotel through a company, SJ Investment LLC, evaded more than $1.5 million in federal income taxes by filing false personal tax returns from 2014 through 2018, according to the indictment filed last month and unsealed this week. It claims that in total, Yi failed to report more than $3.2 million in income from SJ Investment.“The community needs to keep in mind that the charges against Tina Yi are only allegations,” Lee said in an emailed statement on Thursday.
Located in the middle of Nome near the Iditarod Trail Sled Dog Race finish line, the Polaris had 34 rooms, several apartments, and a sometimes rowdy bar, especially when race crowds were in town. The building was originally built in 1953, according to prior reports. Yi created the business in 2007 and operated it through 2017, according to the indictment.
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