New Milford Man Pleads Guilty to Tax Evasion
For Immediate Release
U.S. Attorney's Office, District of Connecticut
John H. Durham, United States Attorney for the District of Connecticut, and Kristina O’Connell, Special Agent in Charge of IRS Criminal Investigation in New England, announced that WILLIAM F. ANDERSON, 50, of New Milford, waived his right to be indicted and pleaded guilty today in New Haven federal court to one count of tax evasion.
According to court documents and statements made in court, Anderson owns several companies, including W.F. Anderson, LLC, a landscaping and excavation business based in Danbury; 1959, LLC; Retaining Wall Solutions; Wil-Rent; and Jacobs Creek Farm, LLC. In pleading guilty, Anderson admitted that he failed to pay more than $1.2 million in federal income taxes for the 2007 through 2014 tax years. Anderson committed multiple acts of evasion including, using business income to purchase cashier’s checks to keep income out of his accounts, conducting structured transactions to avoid the filing of Currency Transaction Reports (“CTRs”), and misrepresenting on a form that was filed with the IRS in May 2015 that he had less than $1,000 in a business checking account when, in fact, he had written checks for tens of thousands of dollars shortly before the submission of that form to conceal those assets from the IRS.
Federal law requires all financial institutions to file a Currency Transaction Report (“CTR”) for currency transactions that exceed $10,000. To evade the filing of a CTR, individuals will often structure their currency transactions so that no single transaction exceeds $10,000. Structuring involves the repeated depositing or withdrawal of amounts of cash less than the $10,000 limit, or the splitting of a cash transaction that exceeds $10,000 into smaller cash transactions in an effort to avoid the reporting requirements.
Anderson is scheduled to be sentenced by U.S. District Judge Stefan R. Underhill in Bridgeport on January 28, 2019, at which time he faces a maximum term of imprisonment of five years. Anderson also has agreed to cooperate with the IRS to pay all outstanding taxes, interest and penalties.
This matter is being investigated by the Internal Revenue Service, Criminal Investigation Division. The case is being prosecuted by Assistant U.S. Attorney David T. Huang.
Updated November 5, 2018