Jeffrey Grams of Edgerton pleads guilty in federal tax case
MADISON—An Edgerton man pleaded guilty in federal court last week to a charge of failing to report and pay income taxes on behalf of his employees.
Jeffery Grams, as the owner of Rock River Concrete, failed to report federal income taxes and Medicare and Social Security taxes, according to a news release from the Internal Revenue Service.
Grams was charged with 11 counts of failing to account for and pay the taxes, but he pleaded guilty to just one of those counts as part of an agreement with federal prosecutors, court documents indicate.
The offenses allegedly occurred from 2008-10 for employees of Rock River Concrete and from April-October 2008 for employees of Braton Property Group of Edgerton, where Grams is a managing partner.
The maximum penalty for the crime is five years in federal prison, a $250,000 fine and three years probation, according to a court document outlining the plea agreement.
The prosecution will move that the remaining 10 counts of the federal indictment be dismissed by the judge at sentencing.
The prosecution also agrees to recommend Grams be given the maximum sentence reduction “for acceptance of responsibility.”
Also as part of the agreement, Grams agrees to cooperate with the IRS in the collection of all taxes, penalties and interest he owes, the document states,
Sentencing is set for Sept. 23.