Federal court shuts down Nevada tax return preparer | AccountingWEB

Federal court shuts down Nevada tax return preparer

A federal court has permanently barred Francis Kenneth (Frank) Albert of Sparks, NV, from preparing federal income tax returns for others, the Justice Department has announced. The court found that Albert repeatedly engaged in fraudulent or deceptive conduct in preparing returns.

According to the government complaint in the case, Albert engaged in several different schemes while preparing returns. These included inventing fake businesses, fabricating expense deductions and fabricating charitable contribution deductions. The complaint alleged that Internal Revenue Service audits have revealed that Albert's schemes have cost the government at least $1.1 million.
 
Since 2001, the Justice Department has obtained injunctions against more than 425 tax preparers and tax-fraud promoters. Information about these cases is available on the Justice Department Web site.
 
Source: U.S. Department of Justice
Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

WHAT KIND OF FIRM ARE YOU?
As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.