Naugatuck CPA Sentenced to Prison for Tax Evasion

Edward J. Sodlosky must also pay a $50,000 fine after pleading guilty to hiding over $1.4 million in income.

Apr. 16, 2026 at 7:40pm

Got story updates? Submit your updates here. ›

An extreme close-up of a crumpled, torn IRS tax form, conceptually illustrating the harsh consequences of tax fraud.A recent tax evasion conviction of a Naugatuck CPA exposes the serious consequences of hiding income from the IRS.Naugatuck Today

A 72-year-old certified public accountant from Naugatuck, Connecticut was sentenced to 3 months in prison and 1 year of supervised release for tax evasion. Edward J. Sodlosky pleaded guilty to cashing over 2,000 client payment checks to hide income from his accounting business, resulting in a $422,720 tax loss to the government.

Why it matters

Tax evasion by professionals like CPAs erodes public trust and can deprive the government of crucial tax revenue needed for public services. This case highlights the IRS's efforts to crack down on sophisticated tax fraud schemes, especially those involving small businesses and self-employed individuals.

The details

Between 2016-2022, Sodlosky filed joint tax returns and partnership returns that failed to report almost $1.4 million in income from his Naugatuck accounting firm. He cashed over 2,000 client checks and deposited the funds into a network of business, personal, and nominee accounts to hide the income. Sodlosky has since paid the $422,720 in back taxes owed, but still owes interest and penalties.

  • Sodlosky pleaded guilty to tax evasion in November 2025.
  • Sodlosky was sentenced on April 16, 2026.
  • Sodlosky must report to prison on May 27, 2026.

The players

Edward J. Sodlosky

A 72-year-old certified public accountant who owned an accounting firm in Naugatuck, Connecticut and was convicted of tax evasion.

U.S. District Judge Victor A. Bolden

The judge who sentenced Sodlosky to 3 months in prison, 1 year of supervised release, and a $50,000 fine.

Got photos? Submit your photos here. ›

What’s next

Sodlosky must report to prison on May 27, 2026 to begin serving his 3-month sentence.

The takeaway

This case highlights the IRS's efforts to crack down on sophisticated tax fraud schemes, especially those involving small businesses and self-employed individuals. It serves as a warning that tax evasion, even by licensed professionals, will be prosecuted to the fullest extent of the law.