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.
-
Police: BMW driven 'recklessly' before killing teen, critically injuring another
A 17-year-old girl was killed and another teen is fighting for her life after a crash in North Las Vegas Saturday afternoon. Jhovani Carrillo is there with more on what happened.
Report: BMW driver had son in the front seat during fatal North Las Vegas crash
The BMW driver "showed signs of possible impairment" and was taken into custody, according to police. As of this report, he was identified only as a 32-year-old male.
Police seek driver of dark-colored SUV that hit man walking dog in east Vegas
The Las Vegas Metropolitan Police Department says the collision happened at approximately 3 a.m. at the intersection of East Charleston Boulevard and North Mojave Road.
Police investigation underway after shots fired on Las Vegas Boulevard
Las Vegas police are investigating a possible shooting at a gas station on the Las Vegas Strip on Saturday afternoon.
