Kissimmee Man Sentenced To 30 Months In Federal Prison For Over $1 Million In Tax Evasion
August 25, 2014
Orlando, Florida – Senior U.S. District Judge Gregory A. Presnell today sentenced Walter Medlin (71, Kissimmee) to 30 months in federal prison for tax evasion. He was also ordered to serve a one year term of supervision, upon his release from prison. Medlin pleaded guilty on February 4, 2014.
According to court documents, Medlin received more than $7.5 million in income from the sale of interest in a landfill. Rather than report that income on his tax return, Medlin attempted to evade his taxes by using several limited partnerships to conduct transactions for his benefit. As the result of a prior ruling of the United States Tax Court, Medlin knew that he could not use nominees, such as the limited partnerships, to evade his taxes in this manner. To further conceal his tax evasion, Medlin failed to file a tax return, but submitted requests for extensions in which he falsely represented that he did not owe any taxes. The total amount of taxes that Medlin attempted to evade was over $1.1 million. As part of his plea agreement, Medlin has agreed to file his tax return and pay his taxes, penalties, and interest.
This case was investigated by the Internal Revenue Service - Criminal Investigation Division. It was prosecuted by Assistant United States Attorney Roger B. Handberg.