Two Tax Shelter Promoters Found Guilty in Billion-Dollar Syndicated Conservation Easement Tax Scheme
Former CFO of Russian Natural Gas Company Sentenced to More Than Seven Years in Prison for Tax Crimes
The United States today filed a complaint in the U.S. District Court for the Southern District of Texas seeking to permanently bar a Houston-area tax return preparer and her business from preparing federal income tax returns for others, among other related prohibitions.
The complaint alleges that Crystal Ojeda prepared over 10,000 federal income tax returns between 2018 and 2023 from her business “Money Market Tax Company LLC” as well as through two separate sole proprietorships: “Money Market Financial Services” and “Money Market Financial.” The complaint also alleges that in a substantial number of these tax returns, Ojeda significantly overstated her customers’ tax refund amounts by fabricating or inflating business losses, medical and dental expenses, and charitable contributions. In addition, the complaint alleges that for some customers’ returns, Ojeda falsely claimed residential energy credits to which her customers were not entitled, reducing their taxable income and leading to inflated refunds.
By repeatedly understating her customers’ tax liabilities, the complaint alleges, Ojeda has caused the United States harm of an estimated $4.8 million in tax revenue just from the years 2020 to 2022, and millions more from earlier years.
Deputy Assistant Attorney General David A. Hubbert of the Justice Department’s Tax Division made the announcement.
Taxpayers seeking a return preparer should remain vigilant against unscrupulous tax preparers. The IRS has information on its website for choosing a tax return preparer and has launched a free directory of federal tax preparers. The IRS also offers 10 tips to avoid tax season fraud and ways to safeguard their personal information.
In the past decade, the Justice Department Tax Division has obtained injunctions against hundreds of unscrupulous tax preparers. Information about these cases is available on the Justice Department’s website. An alphabetical listing of persons enjoined from preparing returns and promoting tax schemes can be found on this page. If you believe that one of the enjoined persons or businesses may be violating an injunction, please contact the Tax Division with details.