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December 20, 2006

Smithfield accountant filed false tax returns

PROVIDENCE -- A Smithfield accountant pleaded guilty today to filing false tax returns to avoid paying taxes on about $313,000 in personal income over four years.

Irwin Kalmer, 60, now faces three years in prison and a $250,000 fine. His is out on bond, pending a May 2007 sentencing.

In pleading guilty, Kalmer admitted today that he avoided paying some income taxes on revenue generated in personal accounting fees. When paid by check, he set up a system in which he deposited 30 percent of the money into his business bank account, while converting the rest into cash.

Using this system, Kalmer omitted $41,874 income from his 1999 return; $77,085 from his 2000 return; $89,448 from his 2001 return; and $105,473 from his 2002 return, according to the U.S. Attorney's Office.

The criminal investigation arm of the Internal Revenue Service investigated the case.

Posted by Steve Peoples  at 3:10 PM | Permalink

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