Iowa Construction Firm Owner Pleads Guilty to Tax Evasion

The proprietor of a Sergeant Bluff, Iowa, building agency pleaded responsible immediately to tax evasion for evading fee of his firm’s employment taxes.

In accordance with courtroom paperwork and statements made in courtroom, Kevin Alexander, 62, of Sioux Metropolis, owned Ok&L Development, Inc., a landscaping and building firm. As the only shareholder and president of Ok&L Development, Alexander was accountable for submitting quarterly employment tax returns and accumulating and paying over to the IRS payroll taxes withheld from staff’ wages. From the second quarter of 2014 by the primary quarter of 2017, Ok&L Development paid roughly $3.8 million in wages to its staff and withheld roughly $1 million in payroll taxes, however the firm didn’t pay over any of those withholdings to the IRS.

Throughout IRS assortment proceedings, Alexander accepted accountability for paying Ok&L Development’s excellent tax steadiness. Alexander, nonetheless, submitted a false type to the IRS that hid a few of his property. As a part of his plea settlement, Alexander admitted that he submitted the false type for the aim of concealing property and evading fee of Ok&L Development’s excellent payroll tax legal responsibility.

Alexander is scheduled to be sentenced at a later date and faces a most penalty of 5 years in jail for tax evasion. He additionally faces a interval of supervised launch, restitution and financial penalties. A federal district courtroom choose will decide any sentence after contemplating the U.S. Sentencing Tips and different statutory elements.

Appearing Deputy Assistant Lawyer Basic Stuart M. Goldberg of the Justice Division’s Tax Division and U.S. Lawyer Timothy T. Duax for the Northern District of Iowa made the announcement.

IRS-Prison Investigation is investigating the case.

Assistant U.S. Lawyer Ron Timmons of the Northern District of Iowa and trial lawyer Meredith Havekost of the Tax Division are prosecuting the case.