OKLAHOMA CITY – Mickey Alvin Young pleaded guilty to evading personal federal income taxes for the 2013 tax year, announced U.S. Attorney Timothy J. Downing.
Young operated Mickey Young Construction, a sole proprietorship that built concrete pits to hold millings at oil and gas well drilling sites. Evidence in the case showed that the business had gross receipts of more than $9 million in 2012 and more than $6 million in 2013. Young’s income from his business was to be reported on his personal federal income tax return. He was charged with under-reporting his income in both 2012 and 2013 by treating money that he used for personal purposes as deductible business expenses of Mickey Young Construction. Young pleaded guilty to tax evasion for the 2013 tax year. Sentencing is set for April 30. Young’s plea agreement requires him to eight months in prison and pay restitution to the IRS. The parties have agreed that the tax loss to the United States is more than $550,000.