On Friday, an attorney from Reno, Nevada was convicted following a three-week jury trial. The defendant, 63-year-old Delmar Hardy, was found guilty of filing false tax returns and obstructing the internal revenue laws. Evidence presented during the trial concludes that Delmar Hardy concealed his business partner’s $700,000 investment in XYZ Real Estate from 2009 through 2010.
The defendant concealed his partner’s holdings in XYZ and subsequently obstructed the IRS by falsely claiming all XYZ Real Estate’s profits and losses on his own individual tax returns for years 2009 and 2010. For tax years 2008 through 2010, Hardy also falsified his returns by failing to report more than $400,000 in income from his law practice.
Hardy is scheduled to be sentenced on January 12, 2018. At the time of his sentencing, he will face a maximum of three years in prison for each count of filing a false return and obstructing the internal revenue laws. There is also a chance that the defendant will be required to pay restitution and monetary penalties.