Doctor admits trying to evade taxes on millions of dollars
NEWARK, N.J. (AP) -- A doctor who owns three immediate care facilities in northern New Jersey has admitted making millions of dollars' worth of cash deposits and fraudulently transferring his residence to a family member in a bid to evade taxes.
Medhat El Amir, of Saddle River, pleaded guilty Tuesday to tax evasion and corruptly endeavoring to impede the due administration of the tax code. He faces up to eight years in prison when he's sentenced June 10.
Federal prosecutors say El Amir was a primary care doctor and 60 percent owner of Immediate Care P.C., which provided urgent care health services at an office in North Bergen and at two offices in Jersey City.
They say that between February 2005 and December 2010, he tried to impede tax laws in several ways. He admitted he fraudulently transferred his residence in Saddle River to his sister for $2.5 million to keep the property out of the reach of the IRS and the payroll taxes he owed through his former practice.
El Amir also admitted cashing $7,261,083 in immediate care insurance company checks at a check cashing facility. He deposited the majority of that income into several bank accounts to which he had access and used some of that money for personal expenses.
El Amir failed to report taxable income of $2,087,048 for the years 2007-2010, resulting in a $502,160 tax loss to the United States.