MARK CARBUTTI, Tax Evasion, Connecticut 2023

MARK CARBUTTI, a 48-year-old Wallingford resident and attorney specializing in personal injury law, has pleaded guilty to tax evasion, a federal crime punishable by up to 5 years in prison.

According to court documents and statements made in court, Carbutti reported approximately $585,025 in income taxes owed to the Internal Revenue Service as a result of his legal practice and certain rental income for the 2013 through 2017 tax years. However, he made only limited payments of his taxes due and owing, resulting in accrued interest and penalties.

Between December 2014 and May 2019, Carbutti received at least 12 notices from the IRS advising him of his tax amounts due and instructions on how to pay his overdue taxes. In response, Carbutti closed personal bank accounts used by him and evaded payment of taxes, interest, and penalties by funneling money through his law firm’s operating account into limited liability companies (LLCs) associated with his real estate holdings.

Carbutti also took substantial cash withdrawals from his law firm bank accounts and redeposited the monies in the LLCs bank accounts. Between approximately 2013 and 2019, Carbutti paid approximately $600,000 in personal expenses from the LLCs bank accounts, including expenditures for gambling at casinos, restaurants, vacations, and the purchase of a BMW automobile.

As part of his plea agreement, Carbutti has agreed to pay the IRS $750,180 in back taxes, interest, and penalties. Judge Sarala V. Nagala has scheduled sentencing for March 2, 2024.

Mandatory Facts:

• Defendant: MARK CARBUTTI
• Criminal Charge: Tax Evasion
• City and State: Wallingford, Connecticut
• Date: 2023
• Sentence: Up to 5 years in prison, $750,180 in back taxes, interest, and penalties
• Dollar Amounts: Approximately $585,025 in income taxes owed, $600,000 in personal expenses, $750,180 in back taxes, interest, and penalties

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