Law firm partner pleads guilty to tax evasion
Lawyer News
[##_1L|1307638903.jpg|width="101" height="102" alt=""|_##]A Dallas law firm partner pleaded guilty Tuesday to tax evasion and faces prison time and fines. George Bryan McDonald, a partner with McDonald and Cole LLP, admitted skimming a portion of the settlements due clients of the personal injury law firm. His partner, David Cole pleaded guilty to similar charges last week, U.S. Attorney Richard Roper said. The two wrongfully took $61,457 in 2001 and $77,516 in 2002 and failed to report the income on the firm's tax returns.
Mr. McDonald faces a maximum of 18 months in prison as part of his plea deal; Mr. Cole faces up to 2 years of probation. Both face penalties from the Internal Revenue Service. They will be sentenced Aug. 15.
Related listings
-
Business owner pleads guilty to tax evasion
Lawyer News 05/01/2007[##_1L|1191284230.jpg|width="120" height="101" alt=""|_##]The owner of a landscaping and contracting business in Monmouth County has pleaded guilty to tax evasion, admitting that he evaded more than $300,000 in federal income taxes, U.S. Attorney Chr...
-
TurboTax E-Filers Get Extension From IRS
Lawyer News 04/19/2007The Internal Revenue Service today gave TurboTax customers who were unable to file electronically Tuesday an extension until midnight Thursday.Intuit, the company that makes the popular tax software, reported that its electronic-filing back-end syste...
-
Overlooked tax benefits can become advantage
Lawyer News 04/06/2007[##_1L|1111802072.jpg|width="128" height="81" alt=""|_##]With a little over a week left before the federal income tax-filing deadline, local tax preparers and the Internal Revenue Service are urging taxpayers to take a moment before they file their r...
New York Commercial Litigation Law Firm - Woods Lonergan PLLC
Founded in 1993 by Managing Partner James F. Woods, Woods Lonergan PLLC has built a strong reputation as a resourceful and industrious firm that provides clients with clear, concise, and straightforward answers to their most challenging legal issues. Partner Lawrence R. Lonergan, who joined the firm in 2008, has been a friend and colleague to Mr. Woods for over 40 years and shares the same business philosophy. Woods Lonergan PLLC’s collective experience and expertise enables the firm to expeditiously and effectively analyze the increasing challenges clients face in an evolving business and legal world, in many instances, avoiding unnecessary time and expense to our clients. Our mission is simple: provide cutting-edge expertise and sound advice in select areas of the law for corporate and business clients. We thrive on providing each client with personalized attention, forceful representation, and a collaborative team effort that embraces collective knowledge.