A Kennett Square man pleaded guilty to federal tax evasion, admitted to evading his tax obligations for four years.
Joseph Timlin, 63, of Claymont, Delaware, was charged with one count of tax evasion.
According to court documents, Timlin failed to file a 2016 income tax return and directed his compensation to be paid to a bank account held in the name of a corporate entity he created and controlled.
Pursuant to his plea agreement, Timlin admitted to evading the same obligations for 2014, 2015, 2017, and 2018.
Timlin agreed to make restitution to the Internal Revenue Service totaling $246,629.00.
The defendant faces a maximum penalty of 5 years in prison when sentenced on August 4, 2022.
U.S. Attorney David C. Weiss commented on the plea, "The requirement to file and pay income taxes is not optional, and it is a burden shared by the people living and working in this country.
When sophisticated actors like this defendant evade that requirement, it undermines confidence in the fairness of the system.
My office will continue to prosecute those who choose to obscure their income and evade taxes," Weiss added.
IRS-Criminal Investigation investigated the case.
Assistant U.S. Attorney Lesley F. Wolf is prosecuting the case.
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- Morris Zuckerman, Tax Evasion, NY 2016 · New York
Key Facts
- State: Delaware
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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