CT contractor pleads responsible to tax evasion. He evaded nearly $800K in taxes.

A Newtown contractor accused of failing to pay nearly $800,000 in taxes over seven years waived his proper to be indicted and pleaded responsible to 1 rely of tax evasion in federal courtroom in Bridgeport, based on federal authorities.

Thomas R. Saint, 67, is the only proprietor of Tom Saint Portray and Transforming LLC, which affords portray and residential renovation companies. In keeping with courtroom data, Saint allegedly averted paying federal taxes between 2013 and 2019 by cashing enterprise checks as a substitute of depositing them into his enterprise’s checking account, depositing money and enterprise checks into his private checking account and failing to reveal the transactions to his tax preparer, which led to submitting false returns with the IRS.

Courtroom data allege that Saint didn’t report a complete of $2,163,645 in gross receipts, leading to a tax lack of $791,500.

In keeping with the U.S. Legal professional’s workplace, Saint agreed to pay the IRS all excellent taxes, curiosity and penalties.

Saint faces a most of 5 years in jail on the tax evasion cost. He will probably be sentenced on Could 22 by U.S. District Decide Michael P. Shea in Hartford.

He’s presently free on a $100,000 bond pending sentencing.