Auburn man facing up to 5 years in prison for federal tax evasion
MONTGOMERY, Ala. (WTVM) - An Auburn man on Monday pleaded guilty to federal tax evasion, according to the U.S. Department of Justice.
62-year-old Clifford R. Lange, from 2011 to 2019, filed false tax returns on behalf of himself and his spouse that outstandingly underreported each years’ taxable income - according to the plea agreement and court records.
Officials say Lange illegally lowered his federal tax liability by approximately $654,021.00 over the nine-year period by failing to report the additional income.
As part of his plea agreement, the DOJ says Lange has agreed to pay nearly $1 million in restitution to the Internal Revenue Service which includes the actual tax loss to the United States as well as penalties and interest that have accrued.
A sentencing hearing will take place in the coming months where Lange is facing up to five years in prison and a fine of not more than $250,000.00, or twice the value of the property involved in the transaction, whichever is greater - the DOJ announced.
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