Augusta businessman pleads guilty to filing false tax returns

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, Mark’s 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. Taylor’s 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. Mark’s 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.

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