Former Chapel Hill Businessman Pleads Guilty
RALEIGH – A former Orange County securities dealer pleaded
guilty Tuesday in Wake County District Court to willfully failing
to file his state individual income tax returns.
Mason C. Irwin, 46, of 932 Searidge Lane, Carolina Beach, entered
guilty pleas to four counts of willfully failing to file his 1997,
1998, 1999 and 2000 North Carolina individual income tax returns.
District Court Judge Paul Gessner sentenced Irwin to two consecutive
45-day sentences. The sentences were suspended on the conditions that
he be placed on supervised probation for 36 months, perform 100 hours
of community service, pay a $1,000 fine and pay restitution of $7,790
to the North Carolina Department of Revenue. He was further ordered
to file his delinquent 2001 and 2002 state tax returns within 60 days
and timely file and pay all future taxes.
Evidence presented in court showed that Irwin had federal taxable
income of $108,075 in 1997, $135,833 in 1998, $118,535 in 1999 and
$204,740 in 2000. The offenses occurred while Irwin was president
of Bonshaw Advisors, formerly located at 120 Providence Road, Chapel
The charges against Irwin resulted from an investigation by an auditor
in the Department of Revenue's Durham Examinations Office and a special
agent with the Department's Criminal Investigations Division.
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Last modified on:
10/31/07 03:44:06 PM.