Marion Attorney Pleads Guilty to Failure to File Federal Income Taxes
Stephen R. Wigginton, United States Attorney for the Southern District of Illinois, announced today that on March 5, 2012, attorney William E. Wells, 61, of Marion, Illinois, pled guilty to two counts of Failure to File Federal Income Taxes, as charged in an Information filed in United States District Court in Benton. Each offense carries a statutory maximum possible punishment of up to one year of imprisonment, a fine of up to $25,000, a period of supervised release of up to one year and a $25.00 Special Assessment. Sentencing is scheduled for June 8, 2012, at 9:30 a.m.
During his plea, Wells admitted that he was required by law to file Federal Income Tax Returns for tax years 2005 and 2006 and that he had willfully failed to file those returns. Wells also agreed that the loss to the Internal Revenue Service for purposes of his criminal sentencing was in excess of $400,000.
The investigation was conducted by the Criminal Investigation Division of the Internal Revenue Service and is being prosecuted by Assistant United States Attorney Ranley Killian.
In order to report tax fraud contact the Criminal Investigation Division of the Internal Revenue Service at 618-622-2160.