Allegations of tax fraud can result in charges of failure to reporting earnings and income with severe penalties and long-term consequences for a person who is convicted. Tax preparers who prepare fraudulent tax returns for their clients may also risk being caught up FBI and state investigations of tax fraud.
That is what appears to have happened to a Union County couple who prepared tax returns for a living. The husband faced allegations of tax fraud for having prepared and filed income tax returns with the IRS on behalf of clients. The government accused him of including information in the tax returns about businesses that did not exist and of inflating and fabricating deductions.