Even Stolen Funds Need to be Reported as Income
James Miller, of Manhattan Beach, CA, was convicted Jun 12th of wire fraud and filing false tax returns.
Miller was the president of an internet sales company, and from 2009 to 2012 embezzled more than $300,000 from the company to pay for personal expenses but did not report it on his personal tax returns, causing a loss to the IRS of approx. $58,000. He faces a sentence of 20 years for wire fraud and 3 years in prison for each count of filing a false tax return.
About the Author
Gregory McCauley Jr., Esq.
Tax Attorney · Villanova University School of Law · Admitted in Delaware, New Jersey, United States Tax Court
Gregory McCauley Jr. is an experienced tax attorney who has personally represented more than 1,000 clients in matters ranging from civil tax controversy and IRS examinations to criminal tax defense, U.S. Tax Court litigation, and complex business disputes. His practice is built on a foundation his c...
