Queensbury Contractor Sentenced for Income Tax Evasion
ALBANY, NEW YORK – Jason Holcomb, age 46, of Queensbury, New York, was sentenced yesterday to serve 4 months in prison for evading income taxes.
U.S. District Judge Mae A. D’Agostino also sentenced Holcomb to serve 2 years of post-imprisonment supervised release, during which time Holcomb will be required to spend weekends in jail for 6 months, and to pay $538,948.31 in restitution to the Internal Revenue Service.
As part of his guilty plea, Holcomb admitted that while working as a construction contractor, he concealed his assets by putting assets in the names of other people and using cash to try to hide his income from the government. Holcomb did so in order to evade payment of $193,215 in income taxes, and more than $345,000 in interest and penalties.
This case was investigated by the New York Field Office of IRS-Criminal Investigation and was prosecuted by Assistant U.S. Attorney Jeffrey C. Coffman.