LAS VEGAS (KTNV) — After "advising clients to commit tax evasion," a man from Nevada has reached a guilty plea in court on Friday, the Department of Justice shared.
Michael J. Moore, the operator of X Tax Pros in Las Vegas, "promoted a fraudulent tax avoidance scheme called the 'Special Tax Shelter Strategy,'" the DOJ said on Friday.
According to the DOJ, Moore used this "strategy" to promise clients tax returns that removed taxes owed, which often resulted in hefty tax refunds — for a fee.
"To carry out the “Special Tax Shelter Strategy” Moore falsified entries on the clients’ tax returns. In many cases, he did this by falsely reporting that the client had sustained a large loss from one or more business entities that Moore controlled. In most cases Moore’s entities carried on no business, did not file tax returns, did not sustain or report any losses to the IRS, and did not report the clients as partners. For some clients, Moore falsified entries relating to cost of goods sold and royalty expenses." — The United States Department of Justice
The estimated cost of Moore's actions has created a "tax loss" of more than $3.5 million to the United States, the DOJ shared.
Moore's sentencing is scheduled for December 8, where officials said he will face:
- A maximum penalty of five years in prison
- A period of supervised release
- Restitution
- Monetary penalties
The sentence will be determined by a federal district court judge, the DOJ said.
This case is under investigation by the IRS Criminal Investigation unit.
-
Evidence reveals PCP, meth in blood of man accused of hitting trooper on I-11
Grand jury testimony reveals Sean Shirazi had PCP, meth and amphetamine in his blood during the I-11 incident that left a passenger dead.
Teen arrested in deadly shooting
The teen is suspected in the First Friday shooting.
17-year-old boy arrested in fatal shooting of teen at First Friday event
A 17-year-old boy was arrested and charged with murder after a shooting killed another teen and injured two other people during the First Friday event in the Arts District last week.
Vigil held to remember teen killed
The teen was shot and killed during a First Friday event in the arts district.
