Tax Preparer in California Axed by Feds
September 8, 2009 by Stephen Kersey
Filed under Business
If Teresa Marty has ever prepared your taxes, I have some bad news for you. Marty, a Placerville, California based tax preparer, and her Advanced Financial Services business have been barred by a federal judge to act as a tax return preparer.
According United States Justice Department, Marty claimed more than $26 million in tax refunds for her customers. The problem is that the tax refunds were allegedly fraudulent. In fact, one single customer got a refund of about $2.7 million by fraudulent means.
It appears as if Marty’s fraud of choice was making up numbers to put on IRS 1099 forms. The IRS has reportedly found more than 100 returns that she prepared that used fraudulent 1099 forms.
The federal court also ordered Marty to turn over her entire customer list and contact the customers to explain the situation. So if you get a call from Teresa Marty, be prepared to pay the IRS a tidy sum of back taxes and penalties.
Justice Department (Image: Flickr)
