Plaxico Burress, a former NFL wide receiver who played for the New York Giants, New York Jets and Pittsburgh Steelers, has pleaded guilty to tax evasion charges.
Burress was indicted in April by a New Jersey grand jury in the first prosecution under a new statute that makes a failed electronic funds transfer the same as a bad check (see Plaxico Burress Indicted in Tax and Electronic Funds Transfer Case). He admitted Monday that he failed to pay $46,000 in taxes to the State of New Jersey on $1 million in income in 2013, according to the Associated Press. Prosecutors in turn agreed to drop the charges related to the electronic funds transfer.
Prosecutors said Burress had tried to pay his 2013 state income taxes, but the money from an electronic funds transfer to cover the tax payment didn’t go through, according to the AP. Although the state tax authority tried to contact Burress about the missed payment, he did not respond.
He faces up to five years of probation when he is sentenced in February. Burress will also need to pay $56,000 in restitution and penalties and could be sentenced to up to 364 days in prison if he does not make the payment by the time his probationary period is finished.
In 2009, Burress pleaded guilty to weapons charges after he accidentally shot himself in the thigh at a New York City nightclub because a pistol he was carrying in his waistband slid down the thigh of his pants and discharged. He was sentenced to two years in prison and two years of supervised release. He served 20 months in prison.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access