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.
-
Man accused in Las Vegas park stabbing released on $300,000 bail
Las Vegas man charged with attempted murder in park stabbing released on $300,000 bail with electronic monitoring after parking dispute.
Teen arrested in connection to fatal house party shooting in northwest valley
After the initial shooting was reported, Channel 13 looked into previous complaints that had been made about the property.
New details in hit-and-run crash that hospitalized teen getting off school bus
Yarla Valeriano-Perez was arrested on hit-and-run charges after a crash on Aug. 20 in the area of Amigo Street and Abbeyfield Rose Drive.
Police: Paradise fight ends in fatal stabbing, leaving one dead
At 9:35 a.m. on August 22, a fight in a Paradise wash area near Algonquin Drive and East Viking Road ended in a fatal stabbing, LVMPD shared.
