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.
-
Two suspects arrested in shooting near Craig Road and Bruce Street, NLVPD shares
According to NLVPD, an incident was reported on Friday at a business in the 1100 block of East Craig Road.
Las Vegas police: Woman killed by husband after trying to leave with child
Las Vegas investigators stated a husband killed his wife after she said she wanted to leave him and take their daughter with her.
Man facing terrorism charge for threat to 'shoot up' Las Vegas High School
An arrest report states Christopher Reeves is facing terroristic threat charges after threatening to "shoot up" Las Vegas High School.
LVMPD: Man kills wife who was trying to leave him
A man is facing charges after killing his wife, who was going to leave him and take their children, Las Vegas police say.
