A Marlboro resident, the owner of a PEX plumbing business, admitted Tuesday that he failed to report income on his tax returns.
Bill Bouzas, who lives in the Morganville section of Marlboro, pleaded guilty to a charge of tax evasion. He owns and operates Alfa Mechanical Contracting Inc., the Internal Revenue Service said in a statement.
At a hearing Tuesday in Newark, Bouzas admitted that he failed to report about $266,350 in taxable income, which he diverted from Alfa Mechanical Contracting to his personal accounts, for the 2005 calendar year.
He also said he diverted business receipts made payable to Alfa into personal accounts in 2003 and 2004. Bouzas failed to report taxable income on his tax returns amounting to about $66,969 in 2003 and approximately $169,196 in 2004, according to court documents.
As owner, operator and president of Alfa, Bouzas also admitted to filing fraudulent corporate income tax returns for the years 2003 through 2005. None of those returns included any of the money Bouzas diverted from Alfa clients to his own accounts, the IRS said.
“Prosecuting individuals who intentionally file false tax returns is a vital element in maintaining public confidence in our tax system,” said William P. Offord, an IRS criminal investigation special agent in charge.
“Those Americans who file accurate, honest and timely returns can be assured that the government will hold accountable those who don’t,” he said in a statement.