NJ Attys Admit Improper IRS Reporting Of Client Fees

Law360, New York (February 8, 2013, 3:58 PM EST) -- Two attorneys from Fairfield, N.J., law firm Sommer & Engelhart pled guilty Thursday to putting $354,000 worth of client funds in illegally structured bank deposits to avoid reporting the money with the Internal Revenue Service.

Goldie Sommer, 61 and Edward Engelhart, 61, pled guilty before U.S. Magistrate Judge Joseph A. Dickinson to conspiring to structure transactions to avoid reporting large amounts of currency from their attorney trust account, federal prosecutors said. The charge carries a maximum five-year prison sentence and $250,000 fine.

The IRS requires individuals...
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