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CPA Charged for Helping Legislator

John H. Nardozzi, Massachusetts, CPACPA John H. Nardozzi has been indicted for allegedly helping former Massachusetts State Senator claim millions of dollars of personal expenses as business expenses. Nardozzi, 62, was indicted on one count of conspiring to defraud the Internal Revenue Service and eight counts of aiding and assisting in the filing of false tax returns

Nardozzi was indicted recently on allegations he helped former State Senator Brian Joyce and others to defraud the IRS for tax years 2011 to 2014. As Joyce's accountant, Nardozzi was charged with the actions he took on behalf of the Brian A. Joyce, Attorney at Law, P.C.

Joyce was arrested in December on charges of racketeering, extortion, wire fraud and money laundering. He pleaded not guilty to more than 100 counts. He was accused of accepting more than $1 million in bribes and laundering them through his law office.

Nardozzi's crimes allegedly included inflating self-employment tax for Joyce and his wife by more than $2 million to maximize retirement plans contributions and reduce personal income tax. Nardozzi was also accused of reporting a rollover of $400,000 in retirement savings, which should instead have been subject to withholding penalties.

Other allegations included deducting a corporate dividend of about $56,000 as a legal expense attributed to Joyce and omitting a dividend of roughly $100,000 from Joyce's personal tax return.

The accountant faces a sentence of no more than five years in prison a fine of $250,000 and three years of supervised release on the conspiracy charge. For each of the tax filing charges, the sentence is a maximum of three years in prison, a year of supervised release, along with a fine of up to $100,000.

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