The owner of a Louisiana tax preparation business pleaded guilty to four counts of tax fraud.
Henry J. Timothy, 69, of Westwego, Louisiana, admitted to filing fraudulent tax returns on behalf of himself and his wife for the tax years of 2013, 2014, 2015 and 2016.
Timothy purposefully omitted approximately $320,000 in gross receipts for those years. The omission of this income resulted in an additional tax liability of $88,593.
At his upcoming sentencing, Timothy faces up to three years in prison and a fine of up to $100,000.