Two dentists in Kent, Wash., pleaded guilty Aug. 2 to conspiring to avoid more than $460,000 in income taxes, according to the Kent Reporter.
Between 2007 and 2014, the Department of Justice claimed Mike Hsieh, DDS, and Christine Chen, DDS, illegally hid their income from the IRS to reduce tax obligations. The two dentists owned Kent-based Comfort Family Dentistry.
Drs. Hsieh and Chen allegedly maintained two sets of financial statements for the dental practice. The dentists gave their accountant the fraudulent expense statements for tax preparation. Additionally, federal prosecutors claim the two created a bank account that was not disclosed to the accountant.
In total, investigators said the two each failed to pay around $231,000 in taxes. Sentencing for the dentists is scheduled for Nov. 22.
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Between 2007 and 2014, the Department of Justice claimed Mike Hsieh, DDS, and Christine Chen, DDS, illegally hid their income from the IRS to reduce tax obligations. The two dentists owned Kent-based Comfort Family Dentistry.
Drs. Hsieh and Chen allegedly maintained two sets of financial statements for the dental practice. The dentists gave their accountant the fraudulent expense statements for tax preparation. Additionally, federal prosecutors claim the two created a bank account that was not disclosed to the accountant.
In total, investigators said the two each failed to pay around $231,000 in taxes. Sentencing for the dentists is scheduled for Nov. 22.
More articles on dental:
How dentists, DSOs are attracting patients and keeping them as loyal costumers
SmileDirectClub preps for $1B IPO, CNBC reports
Renowned dentist Dr. Peter Dawson dies