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 search for suspect in deadly stabbing outside bar in Arts District
Police are searching for a suspect in a deadly stabbing outside a bar in the Arts District early Saturday morning, according to the Las Vegas Metropolitan Police Department.
2 dead after shooting in North Las Vegas
Police are investigating after a shooting left two people dead on Nestled Oak Avenue in North Las Vegas, according to NLVPD.
Person stabbed at Vanderpump Hotel on Las Vegas Strip
Las Vegas police say at least one person was stabbed during a domestic disturbance at the Vanderpump Hotel.
One taken into custody after SWAT standoff prompted evacuations in Las Vegas
Update from overnight: A suspect has been taken into police custody after a standoff with SWAT prompted neighborhood evacuations in Las Vegas.
