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Law firm partner pleads guilty to tax evasion
Tax |
2007/05/02 03:32
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| 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. |
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