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Date: 03-22-2019
Case Style:
United States of America v. William F. Anderson
Case Number: 3:18-cr-00270-SRU
Judge: Stefan R. Underhill
Court: United States District Court for the District of Connecticut (Fairfield County)
Plaintiff's Attorney: David T. Huang
Defendant's Attorney: Lisa E. Perkins
Description:
New Haven, CT - New Milford Business Owner Sentenced to 18 Months in Federal Prison for Tax Evasion
WILLIAM F. ANDERSON, 50, of New Milford, was sentenced to 18 months of imprisonment, followed by two years of supervised release, for tax evasion.
According to court documents and statements made in court, Anderson owns several companies, including W.F. Anderson, LLC, a landscaping and excavation business based in Danbury; 1959, LLC; Retaining Wall Solutions; Wil-Rent; and Jacobs Creek Farm, LLC. For the 2007 through 2014 tax years, Anderson failed to pay more than $1.2 million in federal income taxes on nearly $4 million in income. 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 (“CTRs”), and misrepresenting on a form that was filed with the IRS in May 2015 that he had less than $1,000 in a business checking account when, in fact, he had written checks for tens of thousands of dollars shortly before the submission of that form to conceal those assets from the IRS.
Federal law requires all financial institutions to file a Currency Transaction Report (“CTR”) for currency transactions that exceed $10,000. To evade the filing of a CTR, individuals will often structure their currency transactions so that no single transaction exceeds $10,000. Structuring involves the repeated depositing or withdrawal of amounts of cash less than the $10,000 limit, or the splitting of a cash transaction that exceeds $10,000 into smaller cash transactions in an effort to avoid the reporting requirements.
On November 5, 2018, Anderson pleaded guilty to one count of tax evasion.
Anderson is required to cooperate with the IRS to pay all outstanding taxes, interest and penalties, which total more than $1.7 million.
Anderson, who is released on a $50,000 bond, was ordered to report to prison on April 24, 2019.
This matter was investigated by the Internal Revenue Service, Criminal Investigation Division.
ATTEMPT TO EVADE OR DEFEAT TAX (Tax Evasion - Evasion of Payment)
(1)
Outcome: 03/21/2019 34 PRESENTENCE INVESTIGATION REPORT (Supplement) (SEALED - government and defense counsel) as to William F. Anderson. (available to USA, William F. Anderson) (Montesi, J) (Entered: 03/21/2019)
03/21/2019 35 Minute Entry for proceedings held before Judge Stefan R Underhill:Sentencing as to William F. Anderson held on 3/21/2019 Total Time: 1 hours and 10 minutes(Court Reporter Masse, S.)(Jaiman, R.) (Entered: 03/21/2019)
Defendant was sentenced to 18 months in prison.
Plaintiff's Experts:
Defendant's Experts:
Comments: