Tax planner jailed for tax evasion
Patrick Merrill Brody was sentenced on May 6, 2011, to 10 months of prison, 12 months of supervised release, and ordered to pay the costs of prosecution for willfully failing to file a federal income tax return for 2001, according to an announcement from the Justice Department and Internal Revenue Service (IRS).
Brody’s sentencing by U.S. District Court Judge Clark Waddoups followed a week-long trial in October 2010. According to the evidence at trial, Brody’s obligation to file a tax return for 2001 arose from the income he received for work in connection with his tax planning firm, Merrill Scott & Associates. The Salt Lake City business was shut down and placed into receivership by the Securities and Exchange Commission (SEC) in early 2002 for alleged securities fraud. The civil suit resulted in a judgment against Brody for more than $16 million. Brody earned more than $500,000 in income from Merrill Scott & Associates during 2001, but deliberately failed to report the income and its tax liability on a federal income tax return.
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Gail Perry, CPA
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Patrick Merrill Brody
Patrick Merrill Brody was sentenced on May 6, 2011, to 10 months of prison, 12 months of supervised release, and ordered to pay the costs of prosecution for wilfully failing to file a federal income tax return for 2001.http://www.smats.net/Finances/
They certainly must be jailed
They certainly must be jailed for evading themselves from the tax and it will really give a nice lesson to many other who think of doing this crime.http://sfoasia.org/
I agree with the post.Thanks
I agree with the post.Thanks for sharing such a great post.Its useful and I feel now tax evasion consequences will be understood by the people.
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