It been awhile but there are still preparers doing fraudalent work. The new inductee of the Tax Preparers' Hall of Shame comes from the great state of Florida.
Preparer William M. Gatlin has been sentenced in an Orlando court to 36 months in federal prison for aiding and abetting the false preparation of returns. According to court documents, Gatlin was president of Taxes By Mr. Bill Inc., in Orlando and Kissimmee, where he helped prepare phony returns for clients that inflated refunds for the tax years 2006, 2007 and 2008. Gatlin fraudulently claimed the First-Time Homebuyer Credit on returns and also deducted student tuition, fees and student loan interest on returns where individuals did not pay these costs. He also prepared returns fraudulently listing deductions for Schedule C business losses when he knew that his clients did not own a business or have such losses. (All of the deductions were done without his clients’ knowledge.) The court also ordered Gatlin to serve a one-year term of supervised release following his prison term. In September, he pleaded guilty to two counts of aiding and abetting the false preparation of returns.
We would like to welcome Mr. Gatlin to the infamous Tax Preparers' Hall of Shame.
We admire your creative tax deductions and plan on writing you regularly when you go to jail for them!