His guilty plea was announced by U.S. Attorney for Connecticut Deirdre M. Daly and Joel P. Garland, special agent in charge of IRS Criminal Investigation in New England.
According to court documents and statements made in court, Paul Carpenter, 64, admitted to intentionally mischaracterizing personal expenses as deductible business expenses on his 2008 and 2009 Schedule C relating to his chiropractic practice, including college tuition and numerous personal retail purchases.
For the 2008 tax year, he took false deductions totaling $308,084, resulting in a tax loss of $106,395, and for the 2009 tax year, he took false deductions totaling $183,283, resulting in a tax loss of $81,199, Daly said.
Carpenter, who will be sentenced Sept. 7, faces a maximum of three years in prison. He has paid all back taxes, plus interest and penalties.
This matter has been investigated by the Internal Revenue Service, Criminal Investigation Division. The case is being prosecuted by Assistant U.S. Attorney Christopher W. Schmeisser.
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