Connecticut man pleads guilty to cheating on taxes
NEW HAVEN, Conn. (AP) — A Connecticut businessman has pleaded guilty to failing to pay more than $1.2 million in federal income taxes over a period of eight years.
Federal prosecutors say 50-year-old William Anderson, of New Milford, waived his right to be indicted and pleaded guilty Monday to tax evasion.
Authorities say Anderson owns several companies.
Prosecutors say for the 2007 through 2014 tax years, Anderson committed multiple acts of evasion including using business income to purchase cashier’s checks to keep income out of his accounts, conducting structured transactions to avoid the filing of Currency Transaction Reports, and misrepresenting on IRS forms the assets in a business checking account.
Anderson is scheduled to be sentenced in January, at which time he faces a maximum of five years in prison, and full restitution.