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Plumbing Claims Group, Inc. (PCG) was a joint claims
operation formed by certain manufacturers of polybutylene
plumbing materials to process damage claims made against such
manufacturers, arising out of the failure of plumbing materials
installed in residences in the 1970s and 1980s. BIC was one of
several contractors engaged to do plumbing repair work for PCG.
Beginning in 1991, Mr. Fields participated in a scheme to defraud
PCG by submitting fictitious BIC invoices to PCG for repair work
that Mr. Fields did not perform. From 1991 to 1993, PCG paid
almost $350,000 of false BIC invoices, and Mr. Fields made
payments of approximately $46,000 and $87,000 to or for the
benefit of Mr. Fields’ two co-conspirators.
The Fieldses’ 1991 and 1992 Returns
The Fieldses made a joint return of Federal income tax for
1991 by filing a Form 1040, U.S. Individual Income Tax Return
(the initial 1991 return) prepared by Mr. Carcasi. On Schedule C
of the initial 1991 return (Profit or Loss from Business (Sole
Proprietorship)), the Fieldses reported gross receipts of
$484,010 and a net profit of $40,125 with respect to BIC. The
Fieldses reported the $40,125 net profit as “business income” on
line 12 of the initial 1991 return.
The Fieldses made a joint return of Federal income tax for
1992 by filing a Form 1040, U.S. Individual Income Tax Return
(the initial 1992 return) prepared by Mr. Carcasi. In
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Last modified: May 25, 2011