Brevard Dentist Pleads Guilty To Tax Fraud
Orlando, FL - Edward James Weiss (63, Rockledge) today pleaded guilty to making a false statement on a federal income tax return. Weiss faces a maximum penalty of three years in federal prison.
According to the plea agreement, Weiss diverted income from his dental business bank account over a period of three years. Instead of depositing the business income into his business account, he would often deposit the checks into his personal bank account. Weiss failed to inform his tax return preparer that he received and deposited, into his personal bank account, the additional income from insurance companies and patients. Weiss submitted only the business bank account statements to prepare his 2006 and 2007 Forms 1040. Weiss was aware that his return preparer computed the business gross receipts from the total amount of taxable deposits into the business bank account. Since the additional income was not deposited into the business bank account, Weiss knew that the income would not be reported.
In tax year 2005, Weiss willfully omitted $266,631.61 of income on his Form 1040 in an attempt to evade $91,063.00 of tax liability. In tax year 2006, he willfully omitted $277,915.06 on his Form 1040 in an attempt to evade $90,053.00 of tax liability. Instead, Weiss falsely reported a lower income of $104,348.00 on his 2006 tax returns. In tax year 2007, he willfully omitted $255,618.37 of income on his Form 1040 in an attempt to evade $83,465.00 of his tax liability. Weiss signed the Forms 1040 tax returns under penalties of perjury, while knowing that the contents of such returns substantially understated his income. The total tax loss was $264,581.
This case was investigated by Internal Revenue Service Criminal Investigation. It is being prosecuted by Assistant United States Attorney David Haas.
The Office of U.S. Attorney
A. Lee Bentley
USA Activities in
the Middle District of Florida
Making sure that victims of federal crimes are treated with compassion, fairness and respect.
For VICTIM INFORMATION on the following cases:
EMG - Evolution Marketing Group