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.