Landlord Admits Filing False Tax Returns
PITTSBURGH - A man pleaded guilty in federal court to a charge of filing a false tax return, United States Attorney David J. Hickton announced today.
Jason Cohen pleaded guilty to one count before the Honorable Mark R. Hornak.
In connection with the guilty plea, the court was advised that landlord Jason Cohen falsified his personal income tax returns for the calendar years 2006-2008 by failing to declare approximately $283,308 in monthly rental fees which tenants paid in cash. The failure to declare such cash rental payments led to a tax loss on Cohen's personal income tax returns of $24,368 for the 3 year period.
Judge Hornak scheduled sentencing for Dec. 12, 2012 at 10:00 a.m. The law provides for a total sentence of three years in prison, a fine of $250,000, 1 year supervised release and a $100 special assessment. Under the Federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offense and the criminal history, if any, of the defendant.
Pending sentencing, the court released the defendant on bond.
Assistant United States Attorney Leo M. Dillon is prosecuting this case on behalf of the government.
The Internal Revenue Service, Criminal Investigation conducted the investigation that led to the prosecution of Jason Cohen.