A former Washington D.C.-area CPA has pleaded guilty to tax fraud in preparing fax returns while also failing to file income tax returns for himself or his businesses despite earning millions in revenue. John T. Hoang of Woodbridge, Va., faces a maximum of six years in prison and a $500,000 fine following the plea to willfully aiding and assisting in the preparation of false income tax returns for tax year 2004.

 

According to the Justice Department, Hoang, who was both a CPA and an attorney, operated John T. Hoang CPA and was one of two partners of Tax-Smart Technology Services, which operated in District of Columbia and Fairfax, Va.

Despite the businesses' earning about $1 million in revenue in 2004, $2 million in 2005 and $3 million in 2006, Hoang did not file federal income tax returns or pay any taxes for himself or his firms for those years.

The firms filed hundreds of federal income tax returns during that time. Hogan admitted preparing fraudulent forms for the same years. He admitted filing at least 24 returns in which the tax loss was greater than $30,000 for each return.