Duson man pleads guilty to not paying taxes

LAFAYETTE, La. (AP) – A Duson business owner has pleaded guilty to evading taxes for three years.

U.S. Attorney Stephanie A. Finley, in a news release Thursday, said 65-year-old Larry J. Thibodeaux pleaded guilty to one count of attempting to evade and defeat payment of tax.

Wednesday’s plea before U.S. Magistrate Judge Carol B. Whitehurst will become final when accepted by U.S. District Judge Donald E. Walter.

Finley’s office says Thibodeaux as president of Thib’s Trailers underreported taxes on IRS individual and corporate forms from 2012 to 2014 for a total loss to the U.S. Treasury of $248,777.

Sentencing is set for Feb. 13. He faces up to five years in prison, three years of supervised release, restitution and a $250,000 fine.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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