tax preparer convicted of tax fraud
PHILADELPHIA - Friday James, 45, of Yeadon, PA, was convicted today of 26 counts in connection with willfully aiding and assisting the preparation of materially false federal income tax returns which attempted to defraud the government of more than $200,000. James was the owner of Frika Tax Services, which has since been barred from preparing federal tax returns for others. James prepared materially false federal income tax returns for tax years 2008 and 2009 which claimed that his clients were entitled to the First Time Homebuyer’s Credit and that they had incurred un-reimbursed business expenses which resulted in tax refunds that the filers were not entitled to receive. The refunds requested were not processed by the Internal Revenue Service.
James faces a maximum possible sentence of 81 years of in prison, a fine of up to $6.57 million, a special assessment of $2,600, and one year of supervised release. U.S. District Court Judge Norma Shapiro did not yet set a sentencing date.
This case was investigated by the Internal Revenue Service Criminal Investigation Division and is being prosecuted by Assistant United States Attorney Floyd J. Miller.
UNITED STATES ATTORNEY'S OFFICE, EASTERN DISTRICTof PENNSYLVANIA
Suite 1250, 615 Chestnut Street, Philadelphia, PA 19106
PATTY HARTMAN, Media Contact, 215-861-8525