Quantcast

Kimberling City physician sentenced to two years for failing to - KOAM TV 7

Kimberling City physician sentenced to two years for failing to file tax returns, owes $1.5 million

Updated:
SPRINGFIELD, MISSOURI -

Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that a Kimberling City, Mo., man who worked as an emergency room physician was sentenced in federal court today for failing to file tax returns despite earning hundreds of thousands of dollars in income each year.

Phillip Edward Psaltis, 65, of Kimberling City, was sentenced by U.S. Magistrate Judge David P. Rush to two years in federal prison without parole. The court also ordered Psaltis to pay $1,581,594 in restitution to the IRS, the Missouri Department of Revenue and the Oklahoma Department of Revenue.

Psaltis worked as an emergency room physician at Lawton Indian Hospital in Lawton, Okla., in 2011 and at Claremore Indian Hospital in Claremore, Okla., in 2010. Psaltis worked as an emergency room physician at Barton County Memorial Hospital in Lamar, Mo., from 2006 to 2009 and at Pike County Memorial Hospital in Louisiana, Mo. in 2008 and 2009.

On Oct. 9, 2014, Psaltis pleaded guilty to two counts of failing to file an income tax return. Psaltis admitted that he has failed to file federal income tax returns since 2002. The two specific charges to which Psaltis pleaded guilty relate to his failure to file a federal tax return for 2009, when he earned approximately $450,664, and for 2010, when he earned approximately $433,339.

Psaltis admitted that he failed to file federal income tax returns for 2009, 2010 and 2011. Psaltis's unreported income during those years totaled $1,204,786 and the total tax loss was $377,022. Psaltis also owes $551,434 in outstanding federal taxes for the years 2002 through 2008. Because Psaltis did not file his 2012 tax return, it is estimated that he will owe approximately $128,109 in tax liability for 2012.

In addition to the federal taxes owed, Psaltis owes $62,259 in Missouri and Oklahoma state income tax for the years 2009, 2010 and 2011. Psaltis's medical license was suspended three times – on Dec. 14, 2009, on July 16, 2012, and on June 11, 2013 – for delinquency of Missouri state taxes or failure to file state income tax returns.

This case was prosecuted by Assistant U.S. Attorney Steven M. Mohlhenrich. It was investigated by IRS-Criminal Investigation.

  • NewsMore>>

  • Deputies make arrest after SUV crashes through fences, gates

    Deputies make arrest after SUV crashes through fences, gates

    Thursday, September 20 2018 8:47 PM EDT2018-09-21 00:47:56 GMT

    The Jasper County incident involved different properties on Black Cat Road and Malang Road.

    More >>

    The Jasper County incident involved different properties on Black Cat Road and Malang Road.

    More >>
  • #15 Pitt State Looks for 4-0 Start vs. Kearney

    #15 Pitt State Looks for 4-0 Start vs. Kearney

    Thursday, September 20 2018 6:45 PM EDT2018-09-20 22:45:57 GMT

    The Pitt State defense will have a tough test against the only team in the MIAA averaging 300+ rushing yards per game. 

    More >>

    The Pitt State defense will have a tough test against the only team in the MIAA averaging 300+ rushing yards per game. 

    More >>
  • Monett Schools Among Healthiest in Nation

    Monett Schools Among Healthiest in Nation

    Thursday, September 20 2018 4:42 PM EDT2018-09-20 20:42:06 GMT

    Three schools in Monett, Missouri are on the 2018 list of America's Healthiest Schools. 

    More >>

    Three schools in Monett, Missouri are on the 2018 list of America's Healthiest Schools. 

    More >>
Powered by Frankly

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by Frankly, Inc. All content © Copyright 2000 - 2018 KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.