Federal Grand Jury Charges Joseph Stewart with Evading Taxes on $6.8M in Income
A federal grand jury in Miami on Friday indicted a local businessman, Joseph Stewart, on charges of tax evasion and filing false tax returns. According to the indictment, Stewart allegedly evaded taxes on over $6.8 million in dividends from his stake in a company that sold internet access to U.S. military personnel and contractors overseas.
The indictment claims that Stewart, a co-owner of the business, stopped filing timely tax returns between 2013 and 2021 after the company became profitable.
After receiving letters from the IRS in 2019, Stewart allegedly hired tax professionals and falsely claimed that over $3.8 million in dividends were non-taxable loans. He also purportedly lied about not knowing the ot