Minnesota Attorney Pleads Guilty To Tax Evasion
MINNEAPOLIS (WCCO) – A Minnesota attorney pleaded guilty in federal court Thursday to intentionally failing to report more than $500,000 in income on his federal and State income tax returns, according to the United States Attorney’s Office.
Samuel Alfred McCloud faces up to five years in prison on one count of tax evasion.
In a plea agreement, McCloud admitted to concealing $595,000 from the IRS and the Minnesota Department of Revenue while working for two law firms.
The total unpaid taxes due the U.S. from the unreported $595,000 is at least $186,000.