The attorney general has announced that Meriden-based SRC Construction Inc. has been ordered to pay a $250,000 fine for filing a false tax return.

According to court documents and statements, the real estate development and construction management firm employed an individual to oversee internal accounting. The individual instructed others that most invoices be paid out of company funds, including a series of expenses that the person knew were not deductible business expenses.

In February 2006, SRC Construction submitted a false corporate tax return from 2004 that overstated expenses. As a result, for the 2004 tax year, the company failed to report corporate income totaling $296,642, resulting in tax loss of $112,609.

On July 15, 2016, SRC Construction pleaded guilty to one count of filing a false tax return.

SRC Construction paid the $250,000 fine, along with the identified back taxes due of $112,609. The company also itemized for the court the various accounting and other internal changes made as a result of the investigation that are intended to ensure future tax and accounting compliance.