Michigan doctor pleads guilty to tax evasion | takeover bid
A Michigan endocrinologist pleaded guilty today to tax evasion.
According to court documents, Bashar Kiami, 53, of Roscommon, owned and operated Northern Michigan Endocrine PLLC, a solo endocrinology practice in Grayling. From 2014 to 2017, the defendant filed business returns for the endocrinology firm in which he under-reported the firm’s gross revenue and overstated its expenses. As the sole shareholder, Dr. Kiami reported the practice’s business income on his personal tax returns. By underreporting the firm’s business income, Kiami fraudulently reduced its tax liability for the years 2014 through 2017. In total, Kiami caused a tax loss to the IRS of over $250,000.
Sentencing will be set at a later date. Kiami faces a maximum sentence of five years in prison for tax evasion. He also faces a period of supervised release, restitution and financial penalties. A federal district court judge will determine any sentence after considering US sentencing guidelines and other statutory factors.
Acting Assistant Deputy Attorney General Stuart M. Goldberg of the Justice Department’s Taxation Division made the announcement.
IRS-Criminal Investigation is investigating the case.
Trial attorneys Jeffrey A. McLellan and Melissa S. Siskind of the tax division are pursuing the case.