| U.S. Seeks to Shut Down Preparer |
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| Written by The Progressive Accountant | |||
| Wednesday, 18 January 2012 16:38 | |||
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The Department of Justice is seeking to bar Larry Carnell Dixon Sr. and his firm, Dixon's Tax Service, from preparing federal tax returns for others. An injunction is being sought against the Zachary, La.-based preparer alleging that he used inflated and fake business expense deductions for real or fictitious businesses on his clients' returns to reduce their tax liabilities or increase refunds. An investigation by the Internal Revenue service found that 194 out of 198 of the Dixon-prepared returns audited by the IRS had tax deficiencies and that Dixon's conduct may have cost the government as much as $39 million. The action seeks a list of all customers for whom the firm prepared returns after Jan. 1, 2006.
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About the Author: Brett Owens is CEO and Co-Founder of Chrometa, a Sacramento, Calif.-based provider of software that records activity in real time. Previously marketed to the legal community, Chrometa is branching out to accounting prospects; gains include the ability to discover previously undocumented billable time, save time on billing reconciliation and improve personal productivity. Brett is also blogger and founder at CommodityBullMarket.com and ContraryInvesting.com, as well as a regular contributor to two leading financial media sites, SeekingAlpha.com and BeforeItsNews.com. |