WOODBRIDGE, Conn. (WTNH)– A Woodbridge attorney has admitted to not paying nearly $400,000 in federal income taxes.
59-year-old Jerry Gruenbaum waived his right to indictment and pleaded not guilty.
Officials say he failed to pay taxes on more than $1.3 million in income over a six year period.
According to court documents and statements made in court, from 2005 to 2010, Gruenbaum failed to report approximately $1,310,100 in taxable income on his federal tax returns.
For the 2005, 2006 and 2007 tax years, he filed tax returns that he knew significantly understated his actual taxable income, and for the 2008, 2009 and 2010 tax years, he failed to file any tax returns. Through this scheme, Gruenbaum failed to pay $394,226 in additional tax due.
He pleaded guilty to two counts of filing a false federal tax return. He faces a maximum term of imprisonment of six years.
Gruenbaum will also be required to pay approximately $877,646 in back taxes, penalties and interest.