FOR IMMEDIATE RELEASE

Monday, Sept. 10, 2001

FOR FURTHER INFORMATION

Becky Smalley
(302)577-8667
rsmalley@state.de.us

WILMINGTON ACCOUNTANT INDICTED ON TAX CHARGES

(Wilmington, DE) - William M. Remington, Director of Revenue announced today that the Grand Jury for the Superior Court in New Castle County returned an indictment against Harvey S. Davidson, P.A., a Wilmington accountant.

Davidson was charged with two misdemeanor offenses. The indictment consisted of two counts of failure to file returns, supply information or pay tax for 1998 and 1999.

The charges allege that Davidson failed to file personal tax returns and report over $250,000 of Delaware adjusted gross income and pay over $8,000 in tax for 1998 and 1999.

The charges against Davidson are based on an investigation conducted by the Delaware Division of Revenue and referred to the Delaware Attorney General's office for indictment and prosecution.

The two personal tax offenses are misdemeanors by law, and each is punishable by up to a maximum one-year imprisonment and up to $2,300 in fines.

Remington said, "Mr. Davidson has been indicted on charges of intentionally failing to file the same Delaware tax returns and to report his own income and tax liability as he prepares for clients of his Wilmington accounting business.

"The Division of Revenue will not take criminal action against taxpayers who self-disclose their delinquent tax filings by coming forward and working with our representatives to resolve such matters.

"But where taxpayers are unwilling to self-disclose, service to law-abiding citizens requires the Division of Revenue continue to deal aggressively with those who fail to file or who underreport their taxes, as with Mr. Davidson, who knew very well that he had tax filing obligations and yet ignored them."

Davidson awaits arraignment and trial date in Superior Court in Wilmington.