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.
-
Private gun sale between casino workers scrutinized after deadly NYC shooting
Questions emerge about the legality of a private gun sale between Shane Tamura and his supervisor Rick Ackley at Horseshoe Las Vegas after Tamura used the weapon in a deadly New York City shooting.
Pedestrian dies from injuries in west valley crash
Las Vegas police arrested Roberto Olivas, 27, on DUI charges after a crash that critically injured a pedestrian at a bus stop and caused power outages affecting thousands.
Aliante shooting suspect pleads not guilty to state charges
On Thursday, Aerion Warmsley was in court where he pleaded not guilty to state charges and waived his right to a speedy trial.
Nevada Secretary of State warns of scams impersonating officials and loved ones
With fraudsters utilizing AI to pry information and funds from victims, Nevada Secretary of State, Francisco Aguilar, warns Nevadans to stay vigilant and protect themselves from these realistic scams.
