LOS ANGELES - The owner of a residential and commercial paint business pleaded guilty today to failing to report to the Internal Revenue Service wages paid to employees totaling over $1.5 million, according to the Internal Revenue Service.
Scott G. Titus, 53, of Ojai--owner and operator of Scott Titus Painting--pleaded guilty to one count of subscribing to a false quarterly employment tax return in 2008, federal officials stated.
According to the plea agreement, during the years 2008 through 2010, Titus owned and operated Scott Titus Painting, IRS officials stated.
Titus painted residential and commercial properties and was paid by his clients per job. For the years in question, Titus failed to report $1,594,971 in wages paid to the employees of Scott Titus Painting on the quarterly and annual employment tax returns filed with the IRS resulting in a tax loss to the government of at least $666,748, according to the IRS.
The count to which Titus pleaded guilty today relates to the employment tax return for the 2nd quarter of 2008. Specifically, Titus reported paying wages to employees of $22,195, when in fact he paid wages of $215,774, falsely underreporting the wages paid by $193,579, IRS officials stated.
Titus faces a statutory maximum sentence of three years in federal prison and a fine of $250,000 when sentenced in July, authorities stated.