A New Brunswick, N.J., CPA has been accused of failing to report $650,000 in income for his personal income tax returns for 2010 and 2011. The indictment says Govil operates a sole proprietorship, identified in the indictment as company A, a business which provides risk management and audit services to community banks. His LinkedIn profile shows Govil as risk management leader for P&G Consulting of New Brunswick.
The indicted alleges Govil earned more than $3.9 million in gross receipts in 2010 and more than $4.3 million in 2011. However, his actual income was $3.35 million for 2010 and $4.2 million for 2011.
Govil faces a maximum of three years in prison and a $250,000 fine, or twice the gross gain or loss from the offense on each of the counts if found guilty
