The owner of a Taylorsville recycling business pleaded guilty to filing a false tax return in which he failed to report more than half a million dollars in revenue between 2010 and 2013.
Matthew Moretz, 31, pleaded guilty on Feb. 15 in federal court in Statesville to one count of filing a false tax return.Moretz could face a maximum of three years in prison and a $250,000 fine, according to a press release.
As part of the plea, Moretz must pay back $116,409.38 to the Internal Revenue Service for unpaid taxes.
During the years of 2010 to 2013, Moretz failed to report income totaling $529,622.44.
Moretz was self-employed and owned a scrap metal business called MJM Recycling, according to federal court documents, which say he also failed to provide his information about all his bank accounts to his bookkeeper and tax return preparers.
From 2010 to 2011, Moretz also collected unemployment payments from the North Carolina Division of Employment, the release said.
On July 31, 2015 Moretz’s wife also provided false and misleading information to an IRS agent about where the money deposited into her bank accounts came from, the documents say.
The case was led by the Criminal Investigation Division of the IRS.