On June 12, 2017, Harold Levine, a Manhattan tax attorney and former head of the tax department at a major Manhattan law firm (the “Law Firm”), and Ronald Katz, a Florida certified public accountant, pled guilty to tax crimes in connection with a multi-year tax evasion scheme involving the failure to report millions of dollars in fees from tax shelter transactions to the Internal Revenue Service (“IRS”).  According to the allegations in the charging documents and statements made in court proceedings, Levine evaded income taxes on millions of dollars of fee income generated from tax shelter and related transactions that Levine worked on at the Law Firm.  From 2005 to 2011, Levine failed to report approximately $3 million in income to the IRS.  As part of the scheme, Katz received and failed to report over $1.2 million in income on his personal tax returns.  Levine and Katz each pled guilty to one count of corruptly endeavoring to obstruct and impede the due administration of the Internal Revenue laws and one count of tax evasion. Sentencing is scheduled for October 11, 2017.  United States v. Levine, 1:16-CR-00715 (S.D.N.Y.).

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