Trussville mortgage company owner pleads guilty to federal tax violations
A Trussville man admitted today in federal court that he did not file federal income tax returns on $838,180 in income over five years, announced U.S. Attorney Joyce White Vance and IRS Criminal Investigation Special Agent in Charge Donald B. Yaden.
Don Walter Willimas, Jr., 54, entered a guilty plea before U.S. District Judge R. David Proctor to five counts of failure to file income tax returns for the years 2005 through 2009, while he was the sole owner of Covenant Mortgage Company. The Trussville company is no longer in business. As part of Williams’ plea agreement with the government, he must pay $196,729 in taxes owed, plus penalties and interest, to the Internal Revenue Service.
Williams’ sentencing date has not been set. Along with the payment of taxes, interest and penalties, Williams faces a maximum sentence of five years in prison a $125,000 fine.
IRS-Criminal Investigation Division investigated the case. Assistant U.S. Attorney Michael Whisonant, Sr. is prosecuting the case.