The owner of an Augusta business pleaded guilty today in U.S. District Court to filing false tax returns.
Mark W. Taylor, 50, of North Augusta pleaded guilty to two counts, admitting he under-reported income from his business, Marks Truck Sales, in 2003 and 2004. He faces a maximum penalty of three years in prison and $250,000.
IRS Special Agent David Houk testified that an anonymous tip about Mr. Taylors home valued at nearly a million dollars and his reported income of less than $60,000 for the 2002 and 2003 tax years started the investigation. Mr. Marks real income for those years was more than $223,000 and $120,000.
Mr. Taylor is free on bond. A sentencing date has not been set.