South Elgin man sent to prison for tax evasion

A 64-year-old South Elgin resident and former suburban homebuilder has been sentenced to 30 months in federal prison for not paying more than $1.27 million in federal income taxes and for not revealing business interests in his personal bankruptcy case.

Dennis Weiss, formerly of St. Charles, owned Custom Homes by D.R. Weiss Inc. and Reliable Home Solutions Inc., both of which used to be in St. Charles, according to a news release.

Court documents state Weiss filed false individual federal income tax returns for 2005 through 2009 and did not file corporate tax returns for his companies.

His actions led to a federal tax loss of $1,271,280.

In personal bankruptcy petition filed in 2009, Weiss did not reveal that he owned another business called Melrose Currency Exchange Inc. He also falsely stated he did not have interests in any partnerships or joint ventures when he actually held interests in Royal Fox Country Club LP, Royal Fox Country Club LP II and Weiss Private Equity LP.

Along with serving 30 months in prison, Weiss must also pay $296,643 in restitution to the IRS.