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.
-
LVMPD: Shooting near Duck Creek Trail leaves one injured, investigation underway
Police said that an altercation between several men occurred in a parking lot in the area, where two individuals shot at a man.
Authorities seek Las Vegas-tied suspects in California double homicide case
California authorities seek suspects with Las Vegas ties in 2022 Atwater shooting that killed Ruben Coronado, 23, and Eli Correa, 24.
Witness accounts detail shooting at Las Vegas hotel that left woman injured
Bullets shatter W Las Vegas hotel window, injuring guest with broken glass. Police believe shots came from unknown location off property.
Sentencing postponed for woman who crashed into crowd on Las Vegas Strip
Lakeisha Holloway stood before Judge Tierra Jones in court Thursday morning and said there were issues that she didn't feel she could discuss with her current attorney.
