Newtown contractor pleads guilty to tax evasion

Thomas R. Saint, the owner of Tom Saint Painting and Remodeling LLC in Newtown, pleaded guilty in Bridgeport federal court to one count of tax evasion.

According to the charges brought against him, Saint attempted to evade the assessment of federal taxes between 2013 and 2019 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. As a result of his actions, Saint failed to report a total of $2,163,645 in gross receipts, resulting in a tax loss to the government of $791,500.

As part of his guilty plea, Saint has agreed to cooperate with the IRS to pay all outstanding taxes, interest and penalties.

Saint is released on a $100,000 bond pending sentencing and is scheduled to be sentenced on May 22. Tax evasion carries a maximum term of imprisonment of five years.