Connecticut man sentenced to three years for tax evasion
A Connecticut man is facing tax evasion charges has been sentenced to three years in jail. Albert Holland, 70, originally faced 11 years in prison when he was indicted on the counts against him.
A Connecticut man is facing tax evasion charges has been sentenced to three years in jail. Albert Holland, 70, originally faced 11 years in prison when he was indicted on the counts against him.
According to the Republican American, a Connecticut newspaper, Holland was a resident of Kent, but had previously lived in Sharon. The $2.26 million he has been ordered to pay in back taxes and penalties stem back to charges beginning in 1979. The paper notes that Holland had attempted to settle the case back in 1998 with $120,000, but the court denied his request.
Holland was found guilty of two counts of filing false returns and one count of evasion, according to the Connecticut News Times.
Tax evasion is considered a federal crime in the United States. Those convicted may face jail time and fines. The Internal Revenue Service may also require the offender to pay restitution to make up for the lost money. The government relies on the revenue from taxes to fund public programs, such as Social Security and Medicaid.
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