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July 18, 2007

North Smithfield couple pleads guilty to tax evasion

PROVIDENCE -- A North Smithfield couple have pleaded guilty to tax evasion, admitting they failed to report $266,861 in income over three years.

Robert Portman and his wife, Candy Portman, made the guilty pleas during separate hearings yesterday in U.S. District Court, Providence, U.S. Attorney Robert Clark Corrente announced today.

Assistant U.S. Attorney Andrew J. Reich said at the hearings that the government could prove that for tax years 2000 through 2002, Robert Portman failed to report all of the business receipts of his firm, Reliable Builders.

Portan "asked many customers to pay with checks made out to him personally rather than to the business, and deposited those checks into a personal account rather than the business account," a news release states.

Candy Portman maintained the company's books, the U.S. Attorney's office stated. The couple failed to report $42,239 worth of income in 2000, $82,237 in 2001 and $142,385 in 2002. The net tax loss to the government is $74,721.

The Portmans, of Victory Highway, North Smithfield, each pleaded guilty to one count of tax evasion, the news release states. The maximum penalty is five years' imprisonment and a $250,000 fine. The defendants are free on bond pending a scheduled Oct. 19 sentencing.

Posted by Mike McKinney  at 1:37 PM | Permalink

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