A Loveland contractor was sentenced to 18 months in prison and ordered to pay nearly $500,000 for obstructing the IRS, according to a press release from the U.S. Attorney's Office.

45-year-old Adam Hausman had been charged for the crime in May and later pled guilty in September. He was sentenced on Friday (Dec. 20).

The general contractor who specialized in concrete and framing work for commercial projects has filed only three tax returns since 1999.

The IRS began attempting to collect the back taxes in 2010. Hausman then filed false reports and made false statements to the IRS.

Hausman also withdrew more than $6 million from his bank between January 2013 and June 2018 to try and prevent the IRS from collecting back taxes.

“Interfering with the administration of the IRS is a crime, and when you don’t pay, you face financial penalties and prison time,” said U.S. Attorney Jason Dunn in the press release.

“We all must pay our part. That didn’t happen here, and the defendant will suffer as a result.”


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