SYRACUSE, N.Y. — An Ithaca-based contractor has pleaded guilty in federal court to filing a false tax return for under-reporting nearly $4 million in income over several years.
William Harrell, 58, of Ithaca, entered a guilty plea Tuesday in federal court to filing a false tax return, United States Attorney Grant C. Jaquith and Jonathan Larsen, Special Agent in Charge of the Internal Revenue Service, New York Field Office, announced in a press release Wednesday afternoon.
Harrell was charged with one count of filing a false tax return in 2016.
As part of his guilty plea, Harrell admitted that in October 2016, he filed a tax return for 2015 in which he “knowingly and willfully under-reported revenue he received through his construction and remodeling business,” reads the statement.
Harrell also admitted to under-reporting revenue for the years 2012 to 2014, and in 2016.
According to U.S. Attorneys, Harrell failed to report approximately $3,994,866 in income and avoided paying $422,843 in federal income taxes.
That total does not including interest and penalties.
Harrell faces up to 3 years in prison, a maximum fine of up $250,000, and up to 1-year of supervised release. wHe is set to appear before Senior United States District Judge Thomas J. McAvoy on June 16.
A defendant’s sentence is imposed by a judge based on the particular statute the defendant is charged with violating, the U.S. Sentencing Guidelines, and other factors.
This case was investigated by the Internal Revenue Service, Criminal Investigation Division, and is being prosecuted by Assistant U.S. Attorney Thomas Sutcliffe.