Timothy Nolan, Tax Fraud, West Virginia 2020

A Vienna man's scheme to defraud the IRS for several years has landed him in hot water. Timothy Nolan, 58, of Vienna, pleaded guilty to tax fraud, a felony offense, in the Southern District of West Virginia.

According to United States Attorney Mike Stuart, Nolan underreported his income on personal income taxes, resulting in a loss of over $267,000 to the IRS. Specifically, in 2015, Nolan reported a taxable income of $17,788 when he actually had a taxable income of over $200,000.

Nolan's scheme involved significantly underreporting his personal income for tax years 2013 through 2016 and signing declarations to the IRS that his returns were accurate. He also underpaid his employment taxes and failed to pay workers' compensation premiums for unreported and underreported wages.

The investigation into Nolan's activities was conducted by the Internal Revenue Service-Criminal Investigation, the United States Tax Division, and the West Virginia Office of the Insurance Commissioner.

Nolan faces up to three years in prison, a $250,000 fine, and one year of supervised release when he is sentenced on November 23, 2020. He will also be subject to an order of restitution for $267,786.42, with the final determination to be made by the court at sentencing.

United States District Judge Joseph R. Goodwin presided over the hearing, and Assistant United States Attorney Erik S. Goes is handling the prosecution.

Nolan's case serves as a reminder that tax obligations are not voluntary and tax payments are not optional. As United States Attorney Mike Stuart noted, 'No one likes paying taxes, but tax payments are not optional.'

Source: https://www.justice.gov/usao-sdwv/pr/vienna-man-pleads-guilty-tax-fraud