Another alleged bozo tax preparation firm has apparently been put out of business. From Gilbert, Arizona (suburban Phoenix) come the story of Accountable Business Services.
If you’ve read this blog before, and have noted the tale of Western Tax Service, this may look familiar. Accountable Business Services prepared tax returns and appeared to have a good business; the firm prepared somewhere between 5,000 and 7,000 returns annually according to news reports. The firm allegedly got most of its business through referrals; clients noted that they allegedly received large refunds and elimination of tax debt.
Sound too good to be true? The Arizona Department of Revenue and the Arizona Attorney General think it was.
They’ve charged eight individuals with fraud and forgery and allege that the firm bilked Arizona out of $10 million in taxes. The owners, Alfred and Cheryl Decker, face up to 46 1/2 years in prison if convicted on all the counts that they each face.
Meanwhile, if you happen to have been a customer of Accountable Business Services, you can expect to receive a friendly letter from the Arizona Department of Revenue. Yes, if your tax returns were wrong, you will owe the tax and interest. And as Arizona shares information with the IRS, expect a similar ‘Dear Valued Taxpayer’ letter from the IRS, too.
Tags: BozoTaxPreparer