Rhode Island dentist pleads guilty to tax evasion

North Providence, R.I.-based dentist Lawrence Stephenson, DDS, was sentenced to three years of probation, according to the Providence Journal.

Dr. Stephenson pled guilty to tax evasion. He was ordered to pay a $75,000 fine and perform 280 hours of community services. Free dental care provision is included in the community service requirement.

As early as 2011, Dr. Stephenson began diverting a portion of his business receipts. The dentist would deposit patient and insurance checks into his personal bank account.

Dr. Stephenson failed to report $1.2 million in taxes from his dental practice revenue. He has paid back more than $900,000 in back taxes and penalties.

More articles on dentists:
Tennessee insurer makes 2nd dental HMO acquisition: 3 observations
What can dentists expect in 2019? Dr. Samuel Low explains biggest trends
Former California dentist sentenced to 4 years in prison for illegally practicing, defrauding elderly $400K — 5 insights

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

Featured Webinars

Featured Whitepapers

Featured Podcast