When the IRS released those refunds, federal prosecutors say Holmes kept a portion of the money and paid the rest to his customers. Holmes’ e-filing status was revoked during the investigation, but he “continued to file fraudulent returns through the mail,” prosecutors said.
“Holmes stole $2.6 million by claiming false deductions and credits on his clients’ tax returns over a number of years,” U.S. Attorney BJay Pak said. “Tax preparers who cheat the IRS and skim off the top of their clients’ tax refunds can look forward to spending tax seasons behind bars. As this tax season approaches, preparers should be warned that the government diligently finds and prosecutes this kind of fraudulent conduct.”
Holmes pleaded guilty in September to the charges outlined in an indictment. The case was investigated by the IRS’s Criminal Investigation division.
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