A bail bondsman from East Lyme pleaded guilty Thursday in U.S. District Court to federal tax offenses.

Regan Tippett, 43, a partner in Statewide Bail Bonds, pleaded guilty to two counts of willful failure to keep tax records. U.S. District Judge Janet C. Hall scheduled sentencing in New Haven for Jan. 18, 2019, at which time Tippett faces a maximum term of imprisonment of two years.

According to the government, Tippett underpaid his federal income taxes by $69,837 for the 2010 through 2012 tax years. He deposited income derived from bail bond fees into his personal bank account and failed to report that income to the company's outside accountant who prepared both the company's and Tippett's federal income tax returns, according to the government.

He is free on a $50,000 bond pending his sentencing.

The case was investigated by the Internal Revenue Service, Criminal Investigation Division. The case is being prosecuted by Assistant U.S. Attorneys Douglas P. Morabito and Christopher W. Schmeisser.