Clarksville man sentenced to federal prison for $1 million tax fraud

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September 21—CLARKSVILLE—A Clarksville man has been sentenced to 9 months in prison after pleading guilty to filing a false income tax return.

According to court documents, Tracy E. Leonard opened a private investigative firm in the city, and from 2015 to 2019, he hid his earnings from the IRS.

According to the U.S. Attorney’s Office, Southern District of Indiana, Leonard cashed 186 checks for business income at a check-collecting company in Clarksville, rather than depositing the checks into a bank account.

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According to court records, checks were cashed weekly, typically over $25,000 and often over $50,000.

Authorities said there was a significant discrepancy between the amount of checks Leonard received and cashed and what was reported on federal income tax returns from 2015 to 2019.

Unreported income for that period was more than $1.1 million and Leonard owes the IRS more than $300,000.

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U.S. District Judge Tanya Walton Pratt imposed the sentence. As part of this, Leonard must be under the supervision of the U.S. Probation Bureau for two years after his release from federal prison.

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