Memphis Tax Preparer Sentenced For Conspiracy To File False Tax Returns
Memphis, TN – Terry Roberts, 41, of Memphis, TN, was sentenced April 17, 2013, to 27 months in federal prison, announced Edward L. Stanton III, U.S. Attorney for the Western District of Tennessee.
On January 15, 2013, Roberts pled guilty to conspiring to file false tax returns. According to information presented in the indictment, Roberts was an employee at the Memphis tax preparation company, Money in Your Hands Tax Service. As an employee at Money in Your Hands Tax Service, Roberts conspired with others to assist in the preparation of false tax returns for clients.
The false returns claimed false tax credits, such as First Time Homebuyers Credit, Earned Income Credit and Education Credit, and reported false income figures, resulting in tax refunds being generated for which the individuals were not entitled. Roberts and the other conspirators would then split the refunds generated by the false tax returns. Roberts and his co-conspirators received approximately $2,000.00 out of each tax refund paid.
In addition to the prison sentence, Chief District Judge Jon P. McCalla ordered Roberts to pay restitution of $100,000 to the Internal Revenue Service (IRS) and to serve three years of supervised release. This investigation was conducted by IRS Criminal Investigation. Assistant U.S. Attorney Lawrence J. Laurenzi represented the government.