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TONY SERRA PLEADS GUILTY TO TAX VIOLATIONS - AGAIN
April 06, 2005
For the third time in his high-profile career, California attorney Tony Serra has pleaded guilty to tax crimes. From the Justice Department press release:
Mr. Serra, an attorney who resided in Bolinas, California, admitted in his plea agreement that for the years 1992 through 2001, he filed federal income tax returns reporting taxable income and reflecting a tax due and owing, but failed to pay any of the federal income taxes due. For the years 1997 through 2001, Mr. Serra admitted to causing a tax loss of $97,964.The maximum penalty for each count of failure to pay taxes is one year of imprisonment, a $100,000 fine and payment of the costs of prosecution.
It would appear from the tax loss that Mr. Serra's fame hasn't translated well into fees.
Mr. Serra spent time in prison in the 1970s for tax violations. The California bar seems to be less concerned about tax violations than the Iowa bar.
Prior Tax Update Coverage of Mr. Serra may be found here.
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