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.
-
Third death confirmed in Las Vegas 12-car crash officials say was 'intentional'
A third person has died from a 12-car crash in Las Vegas. Jose Gutierrez, 19, faces 10 felony charges including open murder.
Arrest report: LVMPD officer strangled girlfriend, threatened to shoot himself
A new arrest report details the alleged abuse that a Las Vegas Metropolitan Police Officer went through at the hands of her boyfriend, LVMPD Officer Chandler Pike.
FBI offers $5,000 reward for information on Rampart Casino robbery suspect
FBI offers $5,000 reward for tips leading to arrest of armed robbery suspect at Rampart Casino in Las Vegas. Police release surveillance footage.
18-year-old arrested after driving more than 100 mph on U.S. 95
An 18-year-old was arrested after driving recklessly on U.S. 95 at Charleston on Monday, according to the Las Vegas Metropolitan Police Department.
