No wonder he/she always get 'em a bigger refund than I do.
Article from monthly newsletter of Arkansas Society of Accountants:
Washington, D.C.--The Justice Department has filed a civil injunction suit seeking to bar East Peoria, IL resident Mary Powell from preparing federal tax returns for others. According to the goverment complaint:
Powell has prepared more than 1,000 returns since 2003.
IRS has examined 109 returns Powell prepared.
ALL of them understated the customer's tax liability.
The average under-reported amount of tax was $2,794 per return.
IRS estimate of cost to U.S. Treasury from Powell's return preparation -- $2.9 million.
Suit alleges: fabrication and inflation of business expense deductions, improperly listing ineligible dependents, claiming false earned income tax credits, claiming false education credits.
The suit asks the court to order Powell to give the government a list of her customer's names, addresses, email addresses, phone numbers, and Social Security numbers (bet this puts a crimp in their summer vacation plans).
Article from monthly newsletter of Arkansas Society of Accountants:
Washington, D.C.--The Justice Department has filed a civil injunction suit seeking to bar East Peoria, IL resident Mary Powell from preparing federal tax returns for others. According to the goverment complaint:
Powell has prepared more than 1,000 returns since 2003.
IRS has examined 109 returns Powell prepared.
ALL of them understated the customer's tax liability.
The average under-reported amount of tax was $2,794 per return.
IRS estimate of cost to U.S. Treasury from Powell's return preparation -- $2.9 million.
Suit alleges: fabrication and inflation of business expense deductions, improperly listing ineligible dependents, claiming false earned income tax credits, claiming false education credits.
The suit asks the court to order Powell to give the government a list of her customer's names, addresses, email addresses, phone numbers, and Social Security numbers (bet this puts a crimp in their summer vacation plans).
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