Exhibit 93 — USA v. McCabe (Dkt. 91.75)

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Filed as Document 91-75 in United States v. McCabe, Case 9:24-cr-80103-AMC, and entered on the docket March 10, 2025 in the U.S. District Court for the Southern District of Florida, Exhibit 93 is a Form 1120 U.S. Corporation Income Tax Return for calendar year 2020 naming Florida Scuba charters Inc of Jupiter, Florida, with a date incorporated of November 26, 2014. It reports gross receipts or sales of 21932 less returns and allowances of 3800, total income of 18132, total deductions of 144317, including salaries and wages of 90000, repairs and maintenance of 32980 and rents of 20548, and taxable income of -126185.

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Case 9:24-cr-80103-AMC   Document 91-75   Entered on FLSD Docket 03/10/2025   Page 1 of 6
um 1120 U.S. Corporation Income Tax Return

Department of the Treasury

For calendar year 2020 or tax year beginning W , 2020, ending 12/31 ,20 20

OMB No. 1545-0123

Internal Revenue Service > Go to www.irs.gov/Form1 120 for instructions and the latest information.
A Check if: Name — B Employer identification number
da riches none aaa Oo TYPE Florida Scuba charters wal i M
b x oli OR Number, street, and room or suite no. If a P.O. box, see instructions. C Date incorporated
2 Personal h citing co. . PRINT 803 Promenade Way #104 11/26/2014
{attach Sch.PH). . oO City or town, state or province, country, and ZIP or foreign postal code D Total assets (see instructions)
oa Jupiter fl 33458 _ $
4 Schedule M-3 attached ml E Check if: (1) war Initial return (2) LC] Final return (8) CL Name change (4) Cc Address change
ja Grossreceiptsorsales . . . . . .- +. - - ja 21932
b Returnsandallowances. . . . - - . =. ‘ 1b 3800
c Balance. Subtractlineibfromlineia . . . . pa oti ic 18132
2 Cost of goods sold (attach Form 1125-A) . 2
3 Gross profit. Subtractline2fromlineic. . . . CASE 3
z 4 Dividends and inclusions (Schedule C, line 23) ieee 4
8 5 Interest © . @ © 6 8 em we 8 ee EXHIBIT ov 5
=! 6 Gross rents . NO. 93 6
7 Gross royalties F Ff
8 Capital gain net income lattach Schedule D Form 1120) 8
9 Net gain or (loss) from Form 4797, Part Il, line 17 (attach Form 4797) 9
40 Other income (see instructions—attach statement) . 10
41. Totalincome. Addlines3through10 . . . . . . . se ee 18132
FZ 12 Compensation of officers (see instructions—attach Form 1425-5) .. oe fF et we ewe se es B 12
5 | 13 Salaries and wages (less employment credits) 13 90000
8 14 Repairs and maintenance 14 32980
3) 15 Baddebis . 15
~| 16 Rents 16 20548
2 17 ‘Taxes and licenses 17 389
2 18 Interest (see instructions) 18 400
| 19 Charitable contributions . j 19
£ 20 ~=Depreciation from Form 4562 not claimed on Form 1125 A or elsewhere on etki (attach Fei 4562) . 20
S| 21 Depletion 21
2} 22 Advertising = i 22
3 23 ~~ Pension, profit-sharing, etc., plans 23
@| 24 Employee benefit programs 24
z 25 ‘Reserved for future use . . 25
3 26 Other deductions (attach statement) . 26
‘| 27 Total deductions. Add lines 12 through26. . . . . - : : : . . » | 27 144317
5 28 Taxable income before net operating loss deduction and special ¢ deductions. Subtract line 27 7 from | line 11. 28 -126185
8 29a Net operating loss deduction (see instructions) .- . - - - - + + + + + 29a =
3 b Special deductions (Schedule C, line24). 2 - - ee ee ee ee 29b rN
ce Add lines 29a and 29b . wee Spelled) 3 29c
= | 30 Taxable income. Subtract line 29c from line 28. See instructions 30 -126185
: 31 ~~‘ Total tax (Schedule J, Partl, line 11) . . ~ 0 « = © DS & & &€ e ww Fe 31
3, 32 2020 net 965 tax liability paid (Schedule J, Part Il, ie 12) . Boa + eo ee me eS 32
2 &| 33 Total payments, credits, and section 965 net tax liability (Schedule J, Part Ill, line _— . 33
| 5 34 Estimated tax penalty. See instructions. Check if Form 2220isattached . - - - - + ee > O | 34
3 35 Amount owed. If line 33 is smaller than the total of lines 31, 32, and 34, enter amount owed 35
x | 36 Overpayment. If line 33 is larger than the total of lines 31, 32, and 34, enter amount overpaid . zs 36
© | 37 Enter amount from line 36 you want: Credited to 2021 estimated tax > Refunded > 37
Under penalties of perjury, | declare that | have examined this retum, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct,
Si gn and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. i oe z
iy the iscuss this return
with the preparer shown below?
Here » Signature of officer Date 5 Title Sesmenetions. | [vise] | ss
Pai d Print/Type preparer’s name Preparer’s signature Date — oO - PTIN
P rep arer : self-employed
Use Only Firm’sname Firm’s EIN >
Firm's address Phone no.

For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 11450Q

Form 1120 (2020)
Case 9:24-cr-80103-AMC   Document 91-75   Entered on FLSD Docket 03/10/2025   Page 2 of 6
Form 1120 (2020)
Rearecticnenm Dividends, Inclusions, and Special Deductions (see

(a) Dividends and

(c) Special deductions

instructions) inclusions le (a) x (b)
1 Dividends from less-than-20%-owned domestic corporations (other than debt-financed
stock) 2 ‘ — Loe 50
2 Dividends from 20%-or-more-owned domestic corporations (other than debt-financed
stock) 2 eo ye we oe wom mee 65
See
3 _ Dividends on certain debt-financed stock of domestic and foreign corporations instructions
4 Dividends on certain preferred stock of less-than-20%-owned public utilities 25D
5 _ Dividends on certain preferred stock of 20%-or-more-owned public utilities . 26.7
6 _ Dividends from less-than-20%-owned foreign corporations and certain FSCs 50
7 Dividends from 20%-or-more-owned foreign corporations and certain FSCs 65
8 _ Dividends from wholly owned foreign subsidiaries 100
See
9 Subtotal. Add lines 1 through 8. See instructions for limitations instructions
40 Dividends from domestic corporations received by a small business investment
company operating under the Small Business Investment Act of 1958 100
11. Dividends from affiliated group members . 100
12 Dividends from certain FSCs 100
43 Foreign-source portion of dividends received from a specified 10%-owned foreign
corporation (excluding hybrid dividends) (see instructions) . 100
44 Dividends from foreign corporations not included on line 3, 6, 7, 8, 11, 12, or 13 Sane
(including any hybrid dividends) .
See
45 Section 965{a) inclusion . instructions
46a Subpart F inclusions derived from the sale by a controlled foreign corporation (CFC) of
the stock of a lower-tier foreign corporation treated as a dividend (attach Form(s) 5471)
(see instructions) . toe ee fob eK ® 100
b Subpart F inclusions derived from hybrid dividends of tiered corporations (attach Form(s)
5471) (see instructions) = 3
ec Other inclusions from CFCs under subpart F not included on line 15, 16a, 16b, or 17
{attach Form(s) 5471) (see instructions). Coe
17 Global Intangible Low-Taxed Income (GILTI) (attach Form(s) 5471 and Form 8992) .
18 Gross-up for foreign taxes deemed paid
49 IC-DISC and former DISC dividends not included on line 1, 2, or 3
20 Other dividends sh
21 Deduction for dividends paid on certain preferred stock of public utilities
22 —_ Section 250 deduction (attach Form 8993)
23.‘ Total dividends and inclusions. Add column (a), lines 9 through 20. Enter here and on
paget,line4 2... ee ee ee
24 ‘Total special deductions. Add column (c), lines 9 through 22. Enter here and on page 1, line 29b

Form 1120 (2020)
Case 9:24-cr-80103-AMC   Document 91-75   Entered on FLSD Docket 03/10/2025   Page 3 of 6
Form 1120 (2020)

Part

Page 3

Tax Computation and Payment (see instructions)

I—Tax Computation

Check if the corporation is a member of a controlled group (attach Schedule O (Form 1120)). See instructions > Cc]

2 Income tax. See instructions é
3 Base erosion minimum tax amount _ Form 8991) . 3
4 Addlines2and3 . 5 ‘ we 8 4
5a__ Foreign tax credit (attach Form 1118) 5a
b Credit from Form 8834 (see instructions) 5b
c General business credit (attach Form 3800) 5c
d_ Credit for prior year minimum tax (attach Form 8827) 5d
e Bond credits from Form 8912 5e 5
6 Total credits. Add lines 5a through Se 6
7 Subtract line 6 from line 4 . i 7
8 Personal holding company tax (attach Schedule P PH (Form 1120) . “ 3 8
9a _ Recapture of investment credit (attach Form 4255) 9a
b Recapture of low-income housing credit (attach Form 8611) 9b
c Interest due under the look-back iieaiionh ae — contracts (attach
Form 8697) . . 9c
d_ Interest due under the look-back method—income forecast <friethiod a Form n 8866) 9d
e Alternative tax on qualifying shipping activities (attach Form 8902) 9e
f Interest/tax due under Section 453A(c) and/or Section 453()) of
g Other (see instructions—attach statement) 9 2
40 Total. Add lines 9a through Qg . 10
41 Total tax. Add lines 7, 8, and 10. Enter here seit on aan, line 31 11
Part ll—Section 965 Payments (see instructions)
42 2020 net 965 tax liability paid from Form 965-B, Part Il, column (\), line 4, Enter here and on page 1, line 32 12
Part Ill1—Payments, Refundable Credits, and Section 965 Net Tax Liability
43 2019 overpayment credited to 2020 13
14 2020 estimated tax payments 14
45 2020 refund applied for on Form 4466 . 15 )
16 Combine lines 13, 14, and 15 16
17 Tax deposited with Form 7004 . 17
48 Withholding (see instructions) 18
19 Total payments. Add lines 16, 17, and 18 19
20 Refundable credits from:
a_ Form 2439 . 20a
b Form 4136 . 20b
c_ Reserved for future use 2 8 8 20c fae
d_ Other (attach statement—see instructions) 20d °
21 Total credits. Add lines 20a through 20d . 7 21
22 2020 net 965 tax liability from Form 965-B, Part |, — @, line 4. S88) instructions . 22

Total payments, credits, and section 965 net tax liability. Add lines 19, 21, and 22. Enter here and on page 1,

line 33

Form 1120 (2020)
Case 9:24-cr-80103-AMC   Document 91-75   Entered on FLSD Docket 03/10/2025   Page 4 of 6
Form 1120 (2020) Page 4
| Schedule K [i Other Information (see instructions)
1. Check accounting method: a Cash b [J Accrual c (| Other (specify) > Yes No
2 See the instructions and enter the:

a Business activity code no. > 114110
Business activity » Other Services

c Product or service ® Charter ee

3 Is the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group? 4
If “Yes,” enter name and EIN of the parent corporation >
4 Atthe end of the tax year:

a Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-exempt
organization own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of the
corporation’s stock entitled to vote? If “Yes,” complete Part | of Schedule G (Form 1120) (attach Schedule G) . F v

b Did any individual or estate own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all nets
classes of the corporation’s stock entitled to vote? If “Yes,” complete Part Il of Schedule G (Form 1120) (attach Schedule G) v

5 At the end of the tax year, did the corporation: Bey

a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of
any foreign or domestic corporation not included on Form 851, Affiliations Schedule? For rules of constructive ownership, see instructions. v
If “Yes,” complete (i) through (iv) below. :

' (ii) Employer (iii) Country of {iv) Percentage
(i) Name of Corporation eda" aad Incorporation sass yon
b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in any foreign or domestic partnership
(including an entity treated as a partnership) or in the beneficial interest of a trust? For rules of constructive ownership, see instructions. Me
If “Yes,” complete (i) through (iv) below. ; ;
; (ii) Employer i (iv) Maximum
(i) Name of Entity Identification Number al aa sighs Owned in
(if any) rga 0 Profit, Loss, or Capital

During this tax year, did the corporation pay dividends (other than stock dividends and distributions in exchange for stock) in
excess of the corporation’s current and accumulated earnings and profits? See sections 301 and 316 . e 2 g 2

If “Yes,” file Form 5452, Corporate Report of Nondividend Distributions. See the instructions for Form 5452.
If this is a consolidated return, answer here for the parent corporation and on Form 851 for each subsidiary.

At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of the total voting power of all
classes of the corporation’s stock entitled to vote or at least 25% of the total value of all classes of the corporation’s stock?

For rules of attribution, see section 318. If “Yes,” enter:
(a) Percentage owned > and (b) Owner’s country >

(c) The corporation may have to file Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign
Corporation Engaged in a U.S. Trade or Business. Enter the number of Forms 5472 attached >

Check this box if the corporation issued publicly offered debt instruments with originalissue discount. . . . . - P |
if checked, the corporation may have to file Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments.
Enter the amount of tax-exempt interest received or accrued during the tax year a)
Enter the number of shareholders at the end of the tax year (if 100 or fewer) >

If the corporation has an NOL for the tax year and is electing to forego the carryback period, check here (see instructions) > CJ
If the corporation is filing a consolidated return, the statement required by Regulations section 1.1502-21(b)(3) must be attached
or the election will not be valid.

Enter the available NOL carryover from prior tax years (do not reduce it by any deduction reported on
paget,fine20a).. . eS

Form 11 20 (2020)
Case 9:24-cr-80103-AMC   Document 91-75   Entered on FLSD Docket 03/10/2025   Page 5 of 6
Form 1120 (2020) Page 5
ESN Other Information (continued from page 4)
13 Are the corporation’s total receipts (page 1, line 1a, plus lines 4 through 10) for the tax year and its total assets at the end of the Yas 1 Ho
tax year less than $250,000? . . . - - +=: + oe ee ~ te a § , Lo. ¥
if “Yes,” the corporation is not required to complete Schedules L, M-1, and M-2. Instead, enter the total amount of cash pee
distributions and the book value of property distributions (other than cash) made during the tax year > $ aor
44 Is the corporation required to file Schedule UTP (Form 4120), Uncertain Tax Position Statement? See instructions (4
if “Yes,” complete and attach Schedule UTP.
45a Did the corporation make any payments in 2020 that would require it to file Form(s) 1099? Vv
b_ If “Yes,” did or will the corporation file required Form(s) 1099? . Vv
46 During this tax year, did the corporation have an 80%-or-more change in ownership, including a change due to redemption of its
own stock? p - oe 2 gH a - + = : . ¥Y
17 During or subsequent to this tax year, but before the filing of this return, did the corporation dispose of more than 65% (by value)
of its assets in a taxable, non-taxable, or tax deferred transaction? . . - - + 2 5 ee ee re ere v
18 Did the corporation receive assets in a section 351 transfer in which any of the transferred assets had a fair market basis or fair
market value of more than $1 million? . v
49 During the corporation’s tax year, did the corporation make any payments that would require it to file Forms 1042 and 1042-S
under chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474) of the Code? . . ¥Y
20 Is the corporation operating on a cooperative basis?. ¥Y
21 During the tax year, did the corporation pay or accrue any interest or royalty for which the deduction is not allowed under section
267A? See instructions . . . - - oe ee ee ee 2 = & ¥v
if “Yes,” enter the total amount of the disallowed deductions >$
22 Does the corporation have gross receipts of at least $500 million in any of the 3 preceding tax years? (See sections 59A(e)(2)
and(8)} 6 6 6 em oe ‘ co a me es = es « mt & 5 8 & Y
If “Yes,” complete and attach Form 8991.
23 Did the corporation have an election under section 163(j) for any real property trade or business or any farming business in effect
during the tax year? See instructions . 2 - - ee e+ ee ee v
24 Does the corporation satisfy one or more of the following? See instructions . 368 €& v
a_ The corporation owns a pass-through entity with current, or prior year carryover, excess business interest expense. :
The corporation’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years preceding the
current tax year are more than $26 million and the corporation has business interest expense.
¢ Thecorporation is a tax shelter and the corporation has business interest expense.
If “Yes,” complete and attach Form 8990. :
25 Is the corporation attaching Form 8996 to certify as a Qualified Opportunity Fund? . v
If “Yes,” enter amount from Form 8996, line15 . . . . $
26 Since December 22, 2017, did a foreign corporation directly or indirectly acquire substantially all of the properties held directly or
indirectly by the corporation, and was the ownership percentage (by vote or value) for purposes of section 7874 greater than
50% (for example, the shareholders held more than 50% of the stock of the foreign corporation)? If “Yes,” list the ownership mee
percentage by vote and by value. See instructions » & & @ B&B s v
Percentage: By Vote By Value

Form 1120 (2020)
Case 9:24-cr-80103-AMC   Document 91-75   Entered on FLSD Docket 03/10/2025   Page 6 of 6
Form 1120 (2020) Page 6
| Schedule L [i Balance Sheets per Books Beginning of tax year End of tax year
Assets (a) (b) (c) (d)
1 Cash . .
2a_ Trade notes and accounts —
b Less allowance for bad debts ( ) (
3 Inventories . ae
4 U.S. government obligations ;
5 Tax-exempt securities (see instructions)
6 Other current assets (attach statement)
7 Loans to shareholders
8 Mortgage and real estate loans .
9 Other investments (attach statement)
10a Buildings and other depreciable assets
b Less accumulated depreciation . ( ) (
iia Depletable assets .
b Less accumulated depletion . ( ) (
42 Land (net of any amortization) eas
13a Intangible assets (amortizable only)
b Less accumulated amortization . ( ) (
14 Other assets (attach statement) . :
15 ‘Total assets
Liabilities and Satna Equity
16 Accounts payable . :
17 Mortgages, notes, bonds eipiisio' in less than 71 year
48 | Other current liabilities (attach statement) -
19 Loans from shareholders .
20 += Mortgages, notes, bonds payable in 1 year or more
21 Other liabilities (attach statement)
22 Capitalstock: a Preferred stock
b Common stock
23. ~=Additional paid-in capital . a
24 Retained earnings—Appropriated (attach ernment
25 _ Retained earnings— Unappropriated
26 Adjustments to shareholders’ equity (attach statement)
27 ~—Less cost of treasury stock . ( ye )
28 ‘Total liabilities and shareholders’ equity . : :
Reconciliation of Income (Loss) per Books With Income per Return
Note: The corporation may be required to file Schedule M-3. See instructions.
1 Net income (loss) per books . 7 Income recorded on books this year
2 Federal income tax per books not included on this return (itemize):
3 Excess of capital losses over capital gains Tax-exempt interest $
4 Income subject to tax not recorded on books
this year (itemize):
8 Deductions on this return not charged
5 Expenses recorded on books this year not against book income this year (itemize):
deducted on this return (itemize): a Depreciation . . $
a Depreciation . . . .-$ b Charitable contributions$
b Charitable contributions . $
c Travelandentertainment. $
9 Addlines7and8 .
6 Addlines 1 through 5 . 10 —_ Income (page 1, line 28)—line 6 less ‘We 9
Analysis of Unappropriated Retained Earnings per Books (Schedule L, Line 25)
1 Balance at beginning of year 5 _ Distributions: a Cash .
2 Netincome (loss) per books . b Stock
3 Other increases (itemize): c Property .
6 Other decreases (itemize):
7 Addlines5and6 .
4 Addiines1,2,and3 . 8 _ Balance at end of year (line 4 less - 7)

Form 1120 (2020)


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