George Thomas Gaines, Tax Return Fraud, Colorado 2023

State: Colorado
Category: Fraud &#038; Financial Crimes
Source: <a href="https://www.justice.gov/archives/opa/pr/federal-court-bars-colorado-man-preparing-federal-tax-returns" style="color:#cc0000;" target="_blank" rel="nofollow noopener">DOJ Press Release ÃƒÂ¢Ã¢â‚¬Â Ã¢â‚¬â€

WASHINGTON – A federal court has permanently barred George Thomas Gaines of Aurora, Colo., from preparing federal tax returns for others, the Justice Department announced today. The civil injunction order, to which Gaines consented, was signed by Judge Robert E. Blackburn of the U.S. District Court for the District of Colorado.

The government complaint in the case alleged that Gaines and his companies, G&G Tax Service and American Benefits, prepared federal income tax returns for customers that used fictitious businesses to claim false tax deductions and improper earned income tax credits. According to the complaint, more than 96 percent of the audited tax returns prepared by Gaines between 2004 and 2007 understated his customers’ tax liabilities.

Return preparer fraud is one of the IRS’s “Dirty Dozen” tax scams for 2011. In the past ten years, the Justice Department’s Tax Division has obtained injunctions against hundreds of tax return preparers and tax fraud promoters. Information about these cases is available on the Justice Department website.

George Thomas Gaines, the defendant, is accused of using fictitious businesses to claim false tax deductions and improper earned income tax credits. This is a serious offense that can result in significant financial losses for the government.

The permanent injunction bars Gaines from preparing federal tax returns for others, effective immediately. This is a significant victory for the government and a warning to other tax return preparers who may be engaging in similar activities.

The case is a reminder that the government takes tax fraud seriously and will take action against those who engage in such activities. Taxpayers can report suspected tax fraud to the IRS and help prevent these types of crimes from occurring.

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