Kissimmee Man Pleads Guilty To Over $1 Million In Tax Evasion
Orlando, Florida – United States Attorney A. Lee Bentley, III announces that Walter Medlin (70, Kissimmee) pleaded guilty today to tax evasion. He faces a maximum penalty of 5 years in federal prison. His sentencing hearing has not yet been scheduled.
Medlin was charged on November 10, 2013.
According to court documents, Medlin received more than $7.5 million in income from the sale of an interest in a landfill. Rather than report that income on his tax return, he attempted to evade his taxes by using several limited partnerships to conduct transactions for his benefit. As the result of a prior United States Tax Court ruling, Medlin knew that he could not use nominees, such as the limited partnerships, to evade his taxes in this manner. To further conceal the offense, 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 the attempted tax evasion was over $1.1 million. As part of his plea agreement, Medlin has agreed to file his tax return and pay his taxes, including penalties, and interest.
This case was investigated by the Internal Revenue Service -- Criminal Investigation. It is being prosecuted by Assistant United States Attorney Roger B. Handberg.