Don Walter Williams Jr., 54, admitted Tuesday in federal court that he didn't file federal income tax returns on $838,180 in income over a period of 5 years.
Williams entered a guilty plea to 5 counts of failure to file income tax returns for the years 2005, 2006, 2007, 2008, and 2009. He was the sole owner of Covenant Mortgage Company in Trussville at the time. The mortgage company is no longer in business.
Williams must pay $196,729 in taxes owed, plus penalties and interest to the IRS as part of the plea agreement. He also faces a maximum sentence of 5 years in prison and a $125,000 fine - his sentencing date has not yet been set.