By Josh LaBella
Journal Inquirer, Manchester, Conn.
(TNS)
NEW HAVEN — An accountant from Middlebury, CT, with a business in Naugatuck was sentenced to time in prison for avoiding paying hundreds of thousands of dollars in taxes, an official says.
In a release, U.S. Attorney for the District of Connecticut David Sullivan said 72-year-old Edward Sodlosky was sentenced in federal court in New Haven to three months in prison and one year of supervised release for tax evasion. He said the man was also ordered to pay a $50,000 fine.
Sullivan said Sodlosky, a self-employed certified public accountant, owned and operated Edward J. Sodlosky, Certified Public Accountant in Naugatuck. He said Sodlosky prepared and filed annual joint income tax returns with the IRS on behalf of himself and his spouse from 2016 through 2022.
Sodlosky also filed annual partnership income tax returns for an entity named FinGLTD, which he owned with his spouse, Sullivan said. During those seven years, he said, Sodlosky cashed more than 2,000 client payment checks to hide income generated by his accounting business.
As a result, Sullivan said, a substantial amount of the company’s business receipts was diverted from EJS-CPA’s bank accounts and not reported in his joint income tax returns or partnership income tax returns. He said the Middlebury man deposited funds from the cashed checks, as well as payment checks to his business, into a variety of personal and business accounts.
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Sodlosky maintained, controlled and used 15 different bank accounts to deposit business receipts and to evade income taxes, Sullivan said.
Through the scheme, Sullivan said, Sodlosky failed to report $1,379,694 in additional income to the IRS, resulting in a tax loss to the government of $422,720. He has since paid that amount to the IRS, but still owes substantial interest and penalties.
Sullivan said Sodlosky pleaded guilty to tax evasion on Nov. 19, is released on a $50,000 bond and is required to report to prison on May 27.
Photo credit: Suspended Image/iStock
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© 2026 Journal Inquirer, Manchester, Conn. Visit www.journalinquirer.com. Distributed by Tribune Content Agency LLC.
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