Connecticut CPA Sentenced to Prison for Tax Evasion

David X. Sullivan, United States Attorney for the District of Connecticut, announced that EDWARD J. SODLOSKY, 72, of Middlebury, was sentenced today by U.S. District Judge Victor A. Bolden in New Haven to three months of imprisonment and one year of supervised release for tax evasion.  Judge Bolden also ordered Sodlosky to pay a $50,000 fine.

According to court documents and statements made in court, Sodlosky, a self-employed Certified Public Accountant, owned and operated Edward J. Sodlosky, Certified Public Accountant (“EJS-CPA”) in Naugatuck.  From 2016 through 2022, Sodlosky prepared and filed annual joint income tax returns with the Internal Revenue Service on behalf of himself and his spouse.  He also filed annual partnership income tax returns for an entity named FinGLTD, which he owned with his spouse.  During this seven-year period, Sodlosky cashed more than 2,000 client payment checks to hide income generated by EJS-CPA.  As a result, a substantial amount of EJS-CPA’s business receipts was diverted from EJS-CPA’s bank accounts, and not reported in his joint income tax returns (Forms 1040 and 1040-SR) or partnership income tax returns (Form 1065).

Sodlosky deposited funds derived from the cashed checks, as well as client payment checks to EJS-CPA, into a network of business, personal, and nominee accounts.  He maintained, controlled, and used 15 different bank accounts to deposit business receipts and to evade income taxes.  Through this scheme, Sodlosky failed to report to the IRS $1,379,694.21 in additional income, resulting in a tax loss to the government of $422,720.

Sodlosky has paid the IRS $422,720, but still owes substantial interest and penalties.

On November 19, 2025, Sodlosky pleaded guilty to tax evasion.

Sodlosky, who is released on a $50,000 bond, is required to report to prison on May 27.

This case was investigated by the Internal Revenue Service – Criminal Investigation, and was prosecuted by Assistant U.S. Attorney Hal Chen.