Phoenix Phan, Tax Fraud, New York 2023

Phoenix Phan, a 61-year-old woman from Syracuse, New York, has been charged with tax fraud, according to federal authorities. Phan, who runs a tax preparation business, allegedly filed false federal income tax returns for herself and aided others in filing false returns. The charges carry a maximum sentence of three years in prison, a fine of up to $100,000, and a term of supervised release of up to one year.

The indictment alleges that Phan failed to report gross receipts on her personal income tax returns for tax years 2013-2017. Additionally, the indictment claims that Phan aided others in filing false federal income tax returns by falsely reporting business income, rental losses, and filing statuses.

The charges against Phan were announced by United States Attorney Grant C. Jaquith and Jonathan D. Larsen, Special Agent in Charge of the New York Field Office of the Internal Revenue Service – Criminal Investigation (IRS-CI). The investigation is ongoing, with the IRS-CI leading the charge.

Phan made her initial appearance in Federal Court in Syracuse, New York, and was released pending trial. The case is being prosecuted by Assistant U.S. Attorney Michael D. Gadarian.

Phan’s charges are merely accusations, and she is presumed innocent until proven guilty. The outcome of the case will depend on the evidence presented in court.

The indictment highlights the importance of accurate and honest tax reporting. Taxpayers have a responsibility to report their income accurately, and tax preparers like Phan have a duty to ensure that their clients’ returns are truthful and complete.

The case is a reminder that tax fraud will not be tolerated, and those who engage in such activities will face the consequences. The public is encouraged to report any suspicious activity to the authorities.

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