An Omaha man will spend a year and a day in prison for creating an elaborate scheme to avoid paying more than $422,000 in taxes.
On Monday federal prosecutors said that 50-year-old Michael Haffke also must serve two years of supervised release after he leaves prison. Haffke had pleaded guilty to fraud conspiracy.
According to prosecutors, Haffke created more than 40 different business entities as part of his scheme to hide taxable income. He also didn't file any personal returns for several years.
Prosecutors say Haffke later filed returns in 2012 for the tax years 2003 through 2007 and paid the taxes owed.
As part of his plea agreement, Haffke must work with the IRS to determine whether he owes any more taxes and must pay those taxes, if any.