Misinformation on Income Tax Gets Connecticut Man Probation
A businessman in Naugatuck, Conn., was sentenced to two years of probation for underpaying his federal income taxes.
According to court records, Augustine C. Ofili, 54, was the owner of Augustine Insurance Agency in Bridgeport. From 2004 to 2007, Ofili underreported on his federal income tax returns the insurance commission income he received from his insurance business. Ofili also failed to report capital gains from the sale of real estate in 2006 and 2007, and wrongly claimed real estate losses in 2007. As a result, for the 2004 through 2007 tax years, Ofili underpaid his taxes in the total amount of $47,964.
Ofili is required to pay back taxes, as well as applicable penalties and interest.
No related posts.
Tags: Back Taxes, tax case, tax cheat, tax resolution services, under reporting taxes, underpaying federal taxes, underpaying income tax
