COLO. INSURANCE AGENT EVADED TAXES

Cindy L. Beyersdorf, 47, of Northglenn, Colo., was sentenced to five years of probation and 300 hours of community service for filing a false federal income tax return.

She was also ordered to pay $51,684.97 in restitution to the IRS.

Beyersdorf was indicted by a federal grand jury pleaded guilty to the charge.

A licensed insurance agent in Colorado, Beyersdorf owned and operated Horizons Insurance, a sole proprietorship.  According to the plea agreement, Beyersdorf signed and filed an individual tax return for calendar year 2001 that falsely represented the gross receipts from the operation of Horizons Insurance as $14,888 when in fact the gross receipts were $87,878.

Beyersdorf further acknowledged that her 2002 and 2003 tax returns similarly understated Horizons Insurance’s gross receipts and admitted that her criminal conduct caused a tax loss greater than $30,000.

“It is important for people to have confidence that when they pay their taxes, their neighbors and competitors will do the same,” said Terry L. Stuart, Special Agent in Charge of the IRS-Criminal Investigation, Denver Field Office.

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