Georgia resident Yolanda Canty and Jacqueline Kier pleaded guilty to conspiracy to defraud the government following an IRS investigation that discovered their fraudulent tax-refund scheme.

The pair was involved in a scheme to file false tax returns based on fabricated W-2 forms in their own names and in the names of others.

Most of the “taxpayers” had no knowledge of the returns being filed in their names.

They would persuade individuals to provide them with their names, Social Security numbers and dates of birth. The defendants would use this information to create false W-2 forms in the name of actual employers who did not employ the individuals.

The tax returns would be electronically filed and requests made for refund-anticipation loans; then the refunds would be sent by direct deposit to a bank account which was controlled by the defendants.

According to the IRS, the estimated loss from the conspiracy totaled $192,529.

Canty and Kier face up to 10 years in prison and a fine of up to $250,000.

Tax fraud always catches up to you!  I’ve blogged before about the penalties you could face for filing false tax returns.  The IRS takes their job seriously, as you can see in the above article.   Taxes can seem overwhelming and filing false tax returns is NOT the way to earn extra money!  If you need tax relief, our professional tax attorneys and IRS specialists can help you today.  Tax Resolution Services offers a free tax consultation - fill out the online form or call us at 1-866-IRS-PROBLEMS today!

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5. Furniture Retailer Guilty of Tax Evasion and What to Do if You are in an IRS Audit

Tags: conspiracy to defraud, defraud government, fabricated W2 forms, false W2 forms, filing false tax returns, Free Tax Consultation, tax attorneys, Tax Conspiracy, tax fraud, tax help, tax refund conspiracy, tax relief, tax resolution services, tax specialists

This entry was posted on Thursday, July 23rd, 2009 at 10:07 am and is filed under IRS Tax Cases, IRS Times and Inquirer. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.