Breaking News

Kansas man, corporate entities banned from doing business, ordered to pay $250,000 in restitution related to unlawful autopsy services SEC Charges Angel Oak Capital Advisors with Misleading Investors in $90 Million Fix-and-Flip Securitization Intuit Inc. – Intuit Mailchimp CEO and Co-Founder Ben Chestnut to take on Business Advisor Role; SVP of Intuit QuickBooks Money Platform Rania Succar assumes Mailchimp CEO Duties Restocking Robot Rolls Out to Convenience Stores USDA Invests Nearly $8M to Improve Dietary Health and Nutrition Security Readout of Secretary of Defense Lloyd J. Austin III’s Visit to Latvia > U.S. Department of Defense > Release Mission Hill Playground Reopened | Eight Municipalities Receive Multimillion Dollar Assignment for Safe Rooms Against Hurricanes

A Michigan endocrinologist pleaded guilty today to tax evasion.

According to court documents, Bashar Kiami, 53, of Roscommon, owned and operated Northern Michigan Endocrine PLLC, a solo endocrinology practice in Grayling. From 2014 to 2017, the defendant filed corporate returns for the endocrinology practice on which he underreported the practice’s gross receipts and overstated its expenses. As the sole shareholder, Dr. Kiami reported business income from the practice on his individual income tax returns. By underreporting the practice’s business income, Kiami fraudulently reduced his tax liability for the years 2014 through 2017. In total, Kiami caused a tax loss to the IRS of more than $250,000.

Sentencing will be scheduled for a later date. Kiami faces a maximum penalty of five years in prison for tax evasion. He also faces a period of supervised release, restitution and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division made the announcement.

IRS-Criminal Investigation is investigating the case.

Trial Attorneys Jeffrey A. McLellan and Melissa S. Siskind of the Tax Division are prosecuting the case.

Source link