Holmes, the owner of TKO Tax Pros, pleaded guilty on September 9 to charges involving the preparation of tax returns that claimi false deductions and credits for his client. He was found between 2011 and 2019 to have entred phony information on hundreds of returns he prepared.
During an investigation, the IRS revoked Holmes’ ability to efile, but he continued to file fraudulent returns through the mail. His methods included false Schedule C losses and Schedule A itemized deductions. The IRS said he frequently kept a portion of the resulting refunds for himself and paid the rest to clients.