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Home Latest News General

Overland Park, Kansas Business Owner Pleads Guilty To Filing Fraudulent Tax Returns

by Jay Helton
October 31, 2017
1 min read
0
tax forms

CreativeCommons Taxes

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On Monday, it was announced that a former resident of Overland Park, Kansas had pleaded guilty to aiding and assisting in the preparation of false income tax returns. Documents filed with the court explain that 58-year-old Alfred Reece owned and operated a tax preparation business in Kansas City. From 2013 to 2015, Reece prepared federal tax returns for individuals.

In many cases, the defendant claimed false business income and losses, job related expenses, charitable donations, medical and dental expense deductions, and other fraudulent items. Reece also attempted to hide his involvement by suggesting that the tax returns were self-prepared. The defendant admitted that his actions likely caused a tax loss between $550,000 and $1.5 million.

The defendant is scheduled to be sentenced on January 17, 2018. He will face a statutory maximum penalty of three years in prison for each count. He will also face supervised release, restitution and monetary penalties.

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