WILMINGTON, Del. – David C. Weiss, U.S. Attorney for the District of Delaware, announced that a Kennett Square, Pennsylvania man pleaded guilty today to federal tax evasion. U.S. District Court Judge Maryellen Noreika accepted the plea.
According to court documents, Joseph Timlin, 63, formerly of Claymont, Delaware, pled guilty to evading his federal tax obligations by failing to file a 2016 income tax return and by directing his compensation be paid to a bank account held in the name of a corporate entity he created and controlled. Pursuant to his plea agreement, Timlin further admitted to evading these same obligations for 2014, 2015, 2017, and 2018. In total, Adams agreed to make restitution to the Internal Revenue Service totaling $246,629.00.
Timlin faces a maximum penalty of 5 years in prison when sentenced on August 4, 2022. Judge Noreika will determine any sentence after taking into account the U.S. Sentencing Guidelines and other statutory factors.
U.S. Attorney Weiss commented on the plea, “The requirement to file and pay income taxes is not optional, and it is a burden shared by the people living and working in this country. When sophisticated actors like this defendant evade that requirement, it undermines confidence in the fairness of the system. My office will continue to prosecute those who choose to obscure their income and evade taxes.”
“As someone who prepared tax returns for a living, Mr. Timlin knew that the actions he took were illegal and fraudulent,” said Yury Kruty, Special Agent in Charge of IRS-Criminal Investigation. “The Special Agents of IRS-CI will continue to investigate and prosecute individuals like this who intentionally violate the tax laws so that honest taxpayers know that everyone is being held accountable to pay their fair share.”
IRS-Criminal Investigation investigated the case. Assistant U.S. Attorney Lesley F. Wolf is prosecuting the case.
A copy of this press release is located on the website of the U.S. Attorney’s Office for the District of Delaware. Related court documents and information is located on the website of the District Court for the District of Delaware or on PACER by searching for Case No. 21-cr-48.