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DOJA federal court has barred a Tucker, Ga.-based CPA and his firms from preparing federal income tax returns for others. A permanent injunction shuts down the preparation business of Matthew Adegbite and his companies, MAS & Associates CPA and Mathew A. Adegbite CPA. The accountant drew the action for allegedly inflating deductions or creating phony ones.

His alleged abuses also included claiming the First Time Home Buyer Credit for taxpayers who did not purchase homes, deducting business expenses for taxpayers who did not own businesses and inflating legitimate deductions. Adegbite has prepared more than 1,000 returns since 2008.

The government claimed his actions resulted in the loss of millions of dollars of tax revenue, but did not provide any estiamtes.

Last modified on Tuesday, 17 December 2013
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