Memphis, TN – In a shocking turn of events, the Justice Department has filed a civil lawsuit against Grady Smith, who does business as One Price Refunds, for tax return preparation fraud in Memphis federal court.
According to the complaint, Smith and One Price Refunds have prepared over 2,000 tax returns since 2009. The complaint alleges that Smith understates his customers’ federal tax liabilities by reporting false or inflated business expenses, reporting false or inflated educational expenses and improperly claiming the earned income tax credit.
In addition, the complaint alleges that Smith has prepared tax returns using fictitious taxpayer identification numbers, thereby obscuring his identity as the tax return preparer. The complaint also states that Smith’s activities may have caused a total of over $800,000 in harm to the government.
Return preparer fraud is one of the Internal Revenue Service’s Dirty Dozen Tax Scams for 2013, which can be viewed at www.irs.gov/uac/Newsroom/IRS-Releases-the-Dirty-Dozen-Tax-Scams-for-2013. The Internal Revenue Service has some tips for choosing a tax preparer at www.irs.gov/Tax-Professionals/Choosing-a-Tax-Professional.
In the past decade, the department’s Tax Division has obtained injunctions against hundreds of unscrupulous tax preparers. Information about these cases is available on the Justice Department website at www.justice.gov/tax/taxpress2013.htm.
Defendant/Respondent: Grady Smith
Criminal Charges: Tax Return Preparation Fraud
City and State: Memphis, TN
Exact Date: Not specified
Sentence or Outcome: Lawsuit filed, current status unknown
Dollar Amount: Over $800,000
Related Materials: United States v. Grady Smith
Related Federal Cases
- Kevin M. Walker, Tax Return Fraud, Tennessee 2014 · Pennsylvania
- Michelle Cole Theus, Tax Return Fraud, Tennessee 2016 · Florida
- Barbara Butler, Wire Fraud and Tax Evasion, Tennessee 2024 · New Hampshire
- Nakita Brooks, Tax Fraud, Tennessee 2014 · Washington
- Kenneth L Miller, Embezzlement and Tax Evasion, Tennessee 2017 · Tennessee
Key Facts
- State: Tennessee
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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