Newtown contractor sentenced to prison for tax evasion

 

Date: May 16, 2023

Contact: newsroom@ci.irs.gov

Vanessa Roberts Avery, United States Attorney for the District of Connecticut, announced that Thomas R. Saint of Newtown, was sentenced today by U.S. District Judge Michael P. Shea in Hartford to six months of imprisonment, followed by one year of supervised release, for tax evasion.

According to court documents and statements made in court, Saint is the sole owner of Tom Saint Painting and Remodeling LLC, a Schedule C business engaged in painting and home renovation services. From 2013 through 2019, Saint attempted to evade the assessment of federal taxes by cashing business checks instead of depositing them into his business's bank account, depositing cash and business checks into his personal bank account, and failing to inform his tax preparer of this conduct, which resulted in the filing of false returns with the IRS that substantially understated his gross receipts and income.

For the 2013 through 2019 tax years, Saint failed to report a total of $2,163,645 in gross receipts, resulting in a tax loss to the government of $791,500.

Saint has paid restitution of $791,500, and has agreed to cooperate with the IRS to pay interest and penalties.

On February 22, 2023, Saint pleaded guilty to one count of tax evasion.

Saint, who is released on a $100,000 bond, is required to report to prison on August 4.

This investigation was conducted by the Internal Revenue Service, Criminal Investigation. The case was prosecuted by Assistant U.S. Attorney Susan Wines.