The proprietor of two Massachusetts-based firms, Bowmar Metal Industries Inc. and Teleconstructors Inc., pleaded responsible on Friday to willfully failing to gather, account for, and pay over payroll taxes owed to the IRS.
Based on court docket paperwork, Kenneth Marston, of Kingston, Massachusetts, was the proprietor and operator of Bowmar Metal Industries, a metal fabrication enterprise, and Teleconstructors, an organization that supplied set up companies for cellphone towers.
Marston was answerable for withholding Social Safety, Medicare, and revenue taxes from his staff’ paychecks and remitting these funds to the IRS.
From roughly March 2015 by December 2018, nonetheless, Marston failed to make sure that payroll taxes have been withheld or paid to the IRS for about $3.8 million in wages. His actions triggered a tax loss to the IRS estimated between $550,000 and $1.5 million.
Marston is scheduled to be sentenced on January 3, 2025, and faces a most penalty of 5 years in jail. Along with jail time, he additionally faces supervised launch, restitution, and financial penalties.
The ultimate sentence will likely be decided by a federal district court docket decide after contemplating the U.S. sentencing tips and different statutory elements.
The case is being investigated by IRS Felony Investigation.
The announcement was made by Appearing Deputy Assistant Lawyer Normal Stuart M. Goldberg of the Justice Division’s Tax Division and Appearing U.S. Lawyer Joshua S. Levy for the District of Massachusetts.
