Ocean County Attorney Indicted On Tax Evasion Charges

George Gilmore (File Photo)

An Ocean County attorney and GOP leader was indicted by a federal grand jury for tax evasion, among other charges, the U.S. Attorney New Jersey District Office reported.

George Gilmore, 69, of Toms River, was charged with one count of income tax evasion for calendar years 2013, 2014, and 2015; two counts of filing false tax returns for calendar years 2013 and 2014; failing to collect, account for, and pay over payroll taxes for two quarters in 2016, and making false statements on a 2015 loan application submitted to Ocean First Bank N.A.

He is accused of evading more than $1 million in taxes.

“Gilmore worked as an equity partner and shareholder at Gilmore & Monahan P.A., a law firm in Toms River, where he exercised primary control over the firm’s financial affairs. Gilmore filed on behalf of himself and his spouse federal income tax returns declaring that he owed $493,526 for calendar year 2013, $321,470 for 2014, and $311,287 for 2015. Despite admitting that he owed taxes for each of these years, Gilmore made no estimated tax payments and failed to pay the federal individual income taxes that he owed.

Rather, between January 2014 and December 2016, Gilmore spent more than $2.5 million on personal expenses, including substantial home remodeling costs, vacations, and the acquisition of antiques, artwork, and collectibles. By Dec. 31, 2016, based on the tax due and owing that Gilmore reported on the returns, he owed the IRS $1,520,329 in taxes, penalties, and interest,” a U.S. Attorney New Jersey District office Jan. 10 press release said.

If convicted, Gilmore may face up to 3 years for each count of filing a false tax return, up to 5 years for each count of failing to collect payroll taxes, and 30 years for loan application fraud. He also faces fie from $250,000 to $1 million.

He will be arraigned at a date to be determined.