Contractor Charged With Tax Evasion
A Santa Ana man was charged Monday with two felony counts of tax evasion for allegedly failing to report nearly $1 million in income over a two-year period and, thus, avoiding $362,131 in taxes, according to the U.S. attorney’s office.
John P. Reilly, 47, an independent electrical contractor, was charged in an Internal Revenue Service criminal investigation that stemmed from a civil audit of his one-man contracting business.
Before the start of the criminal probe, Reilly paid $362,131 in taxes due on the unreported income of $953,119 for 1993 and 1994, said his Newport Beach attorney, Jerome Busch.
The contractor is scheduled to enter a plea to filing false income tax returns at an April 28 federal court hearing in Santa Ana. He faces a maximum penalty of three years in prison and a $250,000 fine on each of the two counts, Assistant U.S. Atty. Michael W. Emmick said.
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