Gloria Valentin, Filing False Income Tax Returns, New Jersey 2020

A South Jersey woman who owns a tax preparation business has been caught falsifying tax returns, leaving a trail of thousands of dollars in unpaid taxes in her wake.

Gloria Valentin, 48, of Cherry Hill, New Jersey, pleaded guilty to helping her clients file falsified tax returns, U.S. Attorney Craig Carpenito announced.

Valentin, who owns and operates GNG Business Solutions in Cinnaminson, admitted to preparing approximately 60 income tax returns for 27 tax clients during tax years 2013 through 2016.

Those tax returns contained similar patterns of false and fictitious Schedule A itemized deductions and unreimbursed employee business expenses, resulting in substantially reduced income tax liabilities and larger refunds for her clients.

The false expenses caused a tax loss of $201,896 to the government, according to documents filed in the case.

Valentin and her employees fabricated Schedule A, unreimbursed employee business expenses when none were incurred, U.S. Attorney Carpenito said.

The charges to which Valentin pleaded guilty carry a maximum potential penalty of three years in prison and a $250,000 fine.

Valentin is scheduled to be sentenced on September 8, 2020.

Source: https://www.justice.gov/usao-nj/pr/south-jersey-tax-preparer-admits-filing-false-income-tax-returns