United States Attorney Sarah R. Saldaña
Northern District of Texas

TUESDAY, JANUARY 17, 2012
http://www.usdoj.gov/usao/txn/

FORMER FORT WORTH TAX PREPARER SENTENCED
TO FOUR YEARS IN FEDERAL PRISON

Iris Yolanda Smith Owned “All Money Tax Services” and Operated “Yolanda’s Tax Service”

FORT WORTH, Texas — Iris Yolanda Smith was sentenced this morning by U.S. District Judge Terry R. Means to four years in federal prison and ordered to pay $103,044 in restitution following her guilty plea in October 2011 to one count of fictitious or false claims, announced U.S. Attorney Sarah R. Saldaña of the Northern District of Texas. Judge Means ordered that she surrender to the Bureau of Prisons on February 13, 2012.

According to the factual resume filed in the case, Smith was in the tax preparation business from 2005 to 2008. She owned and worked at All Money Tax Services, located on Highway 820 South, in Fort Worth, and prior to that, she prepared income tax returns at Towne Center Mall, also in Fort Worth, under the name of Yolanda’s Tax Service.

In February 2007, Smith electronically filed a fraudulent federal income tax return for an individual, inflating that individuals’ W-2 wage information to $22,278. The factual resume further states that the individual actually earned less than $4,000 in tax year 2006 and did not receive a W-2 from any employer. The false and fraudulent information submitted by Smith, according to the factual resume filed, resulted in that individual claiming a federal income tax refund of approximately $7,231.

The case was investigated by the IRS - Criminal Investigation (IRS-CI) and prosecuted by Assistant U.S. Attorney Shawn Smith.

###