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Press Release

Queensbury Man Pleads Guilty to Tax Evasion

For Immediate Release
U.S. Attorney's Office, Northern District of New York

ALBANY, NEW YORK – Jason Holcomb, age 46, of Queensbury, New York, pled guilty today to tax evasion, announced United States Attorney Richard S. Hartunian and Shantelle P. Kitchen, Special Agent in Charge of IRS-Criminal Investigation’s New York Field Office.

As part of his plea, Holcomb admitted that he willfully evaded the payment of income taxes he owed to the Internal Revenue Service for the 2002 to 2005 tax years. While working as a construction contractor, Holcomb concealed his assets by putting assets in the names of other people and dealing in cash, to try to hide his income from the government. As a result, Holcomb failed to pay $193,215 in taxes, which does not include interest and penalties that the IRS could assess.

Holcomb faces up to 5 years in prison, a maximum fine of $250,000, and a maximum term of post-imprisonment supervised release of 3 years when he is sentenced by United States District Judge Mae A. D’Agostino. A defendant’s sentence is imposed by a judge based on the particular statute the defendant is charged with violating, the U.S. Sentencing Guidelines, and other factors. Holcomb may also be ordered to pay restitution to the Internal Revenue Service.

This case was investigated by the New York Field Office of the IRS-Criminal Investigation, and is being prosecuted by Assistant U.S. Attorney Emily Farber.

Updated April 8, 2016

Topic
Tax