TEXAS MAN DID NOT REPORT GAINS
Stephen Paul Glover, 54, formerly of Spring, Texas, entered a guilty plea to a charge that he filed a false 1999 income tax return and evaded paying thousands of dollars in income taxes on gains realized through the sale of stock received as payment for legal service.
Glover admitted he had filed false tax returns to avoid paying federal income taxes of approximately $145,715 over a two-year period.
Not only did Glover not report these gains to the IRS, he did not tell his partner about them. In fact, Glover filed tax returns for each of those two years in which he reported zero taxable income. Based on the gains from the sale of stock in 1998, Glover owed taxes in the amount of $41,505 for 1998 and $104,210 for 1999 and caused a loss to the United States Treasury of $145,715 for those two years.
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Tags: , evasion, false tax return
