Shasherese M. Reed, False Tax Returns, Missouri 2023

ST. LOUIS, MO – In a shocking case of tax evasion, Shasherese M. Reed, a 53-year-old tax preparer from St. Louis, has been found guilty of preparing false tax returns for at least 13 different taxpayers.

According to court documents, Reed prepared at least 41 false tax returns, costing the IRS at least $312,192. The false returns included made-up businesses, false business expenses, and false medical and dental expenses.

Reed’s scheme was uncovered after the IRS revoked her Preparer Tax Identification Number (PTIN) in 2015 due to previous false tax returns. Rather than being deterred by the previous investigation, Reed doubled down on her illegal acts.

During the investigation, Reed even prepared a fraudulent tax return for an undercover IRS agent, including a false Schedule C showing $26,242 in business expenses. Reed charged her clients hundreds of dollars for preparing returns, making about $378,026 in fees for the 2017-2021 tax years.

Reed pleaded guilty in February to two counts of aiding and assisting in the preparation of false and fraudulent tax returns. She was sentenced to five years of probation and ordered to pay restitution of $230,000.

The case was investigated by IRS Criminal Investigation and prosecuted by Assistant U.S. Attorney Jonathan Clow.

Shasherese M. Reed, 53, pleaded guilty to two counts of aiding and assisting in the preparation of false and fraudulent tax returns.

City and state: St. Louis, Missouri

Exact date: February (plea agreement) and April 25, 2023 (sentencing)

Exact date: not available (crime date)

Sentence or outcome: Five years of probation and ordered to pay restitution of $230,000

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