ELKINS, W. Va. (KDKA) — A West Virginia business owner admitted to understating the gross receipts or sales on his individual tax return by nearly $1 million.
Rocky A. Tingler, of Elkins, admitted to tax fraud, United State Attorney Bill Powell announced Tuesday.READ MORE: 3 Sentenced To Prison In Murder Of Woman, Wounding Of Her Sister
Tingler pleaded guilty to one count of false statement on personal tax return and one count of failure to pay over employment taxes, the release said.
The 54-year-old is the owner of McWilliams Building & Construction.READ MORE: West Virginia Man Who Organizing Network Of Shoplifters To Steal Thousands Of Dollars In Merchandise Sentenced
According to the release, Tingler admitted to underreporting the gross receipts or sales on his 2015 individual tax return by more than $988,000.
He also admitted to collecting $790 in federal income tax from employees at McWilliams Building & Construction. The amount should have been $25,706 during 2014’s third quarter, the release said.MORE NEWS: Joey Fabus Memorial Classic Raises Money And Awareness For Cancer Research
Tinger faces three years of prison time and up to a $250,000 fine for the false statement count. He faces up to five years incarceration and a maximum fine of $250,000 for his failure to pay charge.