I was just reading my e-news e-mail from the IRS. All of these years we thought barbers were giving good advice. I am just utterly shocked when I read the e-mail. Now I'm wondering if hairdressers give better advice than barbers. Or maybe I'll play it safe and just rely on my mechanic for good tax advice.
A federal grand jury in Maine returned an indictment charging Thierry Musese, a paid return preparer. Musese allegedly ran a tax preparation business out of a barbershop he owned and operated. For tax years 2021 through 2022, Musese prepared returns for clients that contained false information resulting in the clients claiming refunds to which they were not entitled. In tax year 2023, Musese allegedly continued to prepare false tax returns for clients even after his electronic filing identification number was revoked by the IRS. According to the indictment, Musese also falsified his own tax returns for 2021 and 2022. Musese faces three years in prison for each count and a maximum penalty of up to 20 years in prison for each count of wire fraud. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors. IRS Criminal Investigation is investigating the case.
I'm waiting on a local office to get flagged for erroneous taxes as well! I've seen their returns and lets just say they took the losses to an extreme...........big refunds............big fees charged
Based on that, all of my returns are wrong!
I am just waiting for that 8283 comes out so I can get my inflated non-cash deductions in ASAP. 😉 Because that "is in the best interest of my clients." Even though their best interest would be selling the items at their present value. And then take the cash and contribute what would have been the tax savings to that charity and pocketing the rest.
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