Federal authorities claim that a tax preparer’s fraud in Georgia probably resulted in millions of dollars in losses for the country.
Allegations of Tax Fraud Against Hollis The lawsuit claims that the U.S. may have lost millions in tax revenue annually because of Hollis’ routine adjustments to clients’ debt and inflated refunds. Hollis hasn’t responded to calls, emails, or messages on social media regarding the lawsuit. Interestingly, her public Instagram and Facebook posts didn’t mention it […]
How the IRS can crack down on ghost tax return preparers
Consider the problem Roger Ramireztax return creators who processed more than 1,000 taxpayers' tax returns over a three-year period have, among other things, significantly inflated charitable contributions, fully manufactured, and excluded employee business expenses. Yes, Ramirez was eventually caught and ordered from further practice. But his story and taxpayer exploitation is, unfortunately, a regular phenomenon […]
Tax Preparers Charged in Scheme to Defraud Covid Relief of $65 Million – The New York Times
Two Mississippi tax officials used multiple schemes to defraud $65 million from a program designed to help businesses survive during the coronavirus pandemic, federal prosecutors announced this week. The authors, Renata Walton, 44, and Nicole Jones, 36, both of Olive Branch, Michigan, are charged with 50 counts of wire fraud, money laundering, filing false tax […]
Two Tennessee tax preparers charged with stealing $65 million in Covid relief – NBC News
Two tax executives have been charged with defrauding the federal government of $65 million in coronavirus relief funds, according to federal prosecutors in Tennessee. Renata Walton, 44, and Nicole Jones, 36, were indicted on more than 50 charges, including wire fraud, money laundering, filing false tax returns and obstruction of justice, the U.S. Attorney's Office […]