| FOR IMMEDIATE RELEASE
FRIDAY, MARCH 4, 2011
TDD (202) 514-1888
U.S. SEEKS TO BAR GEORGIA MAN FROM ASSISTING OTHERS
Atlanta-Area Financial Planner Promotes the Notorious Form 1099-OID Scheme
WASHINGTON – The United States has asked a federal court to stop an Atlanta-area financial planner from assisting persons in preparing false tax returns claiming fraudulent tax refunds based on fabricated income tax withholdings, the Justice Department announced today. The suit, filed in U.S. District Court in Atlanta, alleges that T. Michael Haney promotes a scheme in which his customers falsely report tax withholdings to generate large bogus refund claims on their tax returns.
In November 2010, a federal court barred another Atlanta-area man, Robert Knupp, from promoting the OID scheme and preparing federal tax returns.
Claiming bogus refunds based on false Forms 1099-OID is identified by the IRS as one of the “Dirty Dozen” tax scams that taxpayers are urged to avoid. Since 2001, the Justice Department’s Tax Division has obtained hundreds of injunctions to stop the promotion of tax fraud schemes and the preparation of fraudulent tax returns. Information about these cases is available on the Justice Department website.
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