Source: Office of United States Attorneys
CORPUS CHRISTI, Texas – A local resident has admitted to failing to pay employment taxes, announced U.S. Attorney Nicholas J. Ganjei.
Timothy Gaines Pollard owned and operated Tim Pollard Construction, a residential remodeling and fence installation business in Bishop and Kingsville.
He admitted that from 2019 through 2021, he was responsible for collecting and withholding employment taxes from his employees’ paychecks. These included federal income, Social Security and Medicare taxes.
Pollard admitted he withheld those monies from his employees but failed to pay them to the United States, as the law requires. Instead, Pollard used the funds to cover personal expenses.
In total, Pollard’s scheme resulted in a total tax loss of over $400,000.
U.S. District Judge David S. Morales will impose sentencing July 30. At that time, Pollard faces up to five years in prison and a possible $250,000 maximum fine.
He was permitted to remain on bond pending that hearing.
IRS-Criminal Investigation conducted the investigation. Assistant U.S. Attorneys Tyler Foster and John Marck are prosecuting the case.