False Tax Returns by Couple Result in $550,000 Tax Loss

A Gatlinburg, Tenn., couple was sentenced for subscribing to false tax returns that resulted in a $550,649.13 tax loss. Kevin Matthew Flannery, 65, received 24 months in prison. Margaret Anne Flannery, 63, received three years of probation and one year of home confinement.

Kevin Flannery pleaded guilty to one count of subscribing a false tax return for M.K.M.K. Associates Inc., doing business as Southland Car and Jeep Rental, for tax year 2003. Margaret Flannery pleaded guilty to one count of subscribing a false tax return for X.M.K.M. Enterprises Inc., doing business as Famous Fries, for tax year 2002. The Flannerys skimmed cash from both companies, not providing accountants with the true gross receipts and underreporting taxable income.

More Tax Help, IRS News and Tax Relief Tips:

  1. Filing False Tax Return Gets Iowa Woman Prison Sentence

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One Response to “False Tax Returns by Couple Result in $550,000 Tax Loss”

  1. Tax Relief Resolution Weekly Tax News Round-Up Says:

    [...] Tax fraud and tax evasion continue to appear in the news. [...]

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