CROSSVILLE, Tenn. — An ongoing investigation conducted by the Tennessee Department of Revenue led to the arrest of a Crossville man for tax evasion.
Timothy Wyatt, 52, was arrested on Wednesday, the department said.
“The Department of Revenue strives to promote voluntary compliance of Tennessee’s tax laws by educating taxpayers and aggressively pursuing criminal sanctions for accountability of fraudulent actors,” Revenue Commissioner David Gerregano said. “This arrest underscores the department’s efforts to ensure for a level playing field and a fair administration of Tennessee’s tax laws.”
If convicted, Wyatt would be sentenced to a maximum of two years and fined up to $3,000. His bond has been set at $5,000.
On July 28, Wyatt's attorneys sent a release saying he registered a used boat he purchased with the Cumberland County Sheriff's Office in 2018. They said in 2022, some Department of Revenue agents questioned him about a discrepancy in the purchase price shown on the agreement and the one shown on the registration form.
After that meeting, they said he remitted $1,733 to the state for the difference in tax owed on the boat. He was then arrested in July 2023, attorneys said.
"As a lifelong resident of Crossville, Mr. Wyatt is committed to making his home a better place. Mr. Wyatt and his legal team look forward to being able to tell the story of a local businessman that has been wrongfully accused and restoring his good name in the community he loves," attorneys said in the release.
