Running a business can be hard work, and you likely want to spend as much time as possible on your core strategies. That could mean hiring someone to help you file all your tax reports—for the business, your employees and yourself. But what if that person steers you wrong?
The District of New Jersey recently arrested a Linden tax preparer for charges of tax fraud and tax evasion. The press release suggests that in addition to hiding his own profits, the man had helped his clients cheat their taxes. On their behalf, he listed fake charitable contributions, claimed fraudulent business expenses and invented business losses.