Two tax preparers based in North Carolina have admitted falsifying tax returns. Karen Marie Jones Audrey Renetta Odom this month pleaded guilty to charges that alleged their actions caused a $1.2 million loss in tax revenue.From 2012 through 2016, Jones, who owned Jones and Stone Taxes, fabricated education expenses, among other elements of fraud, to boost client refunds. The two charged some clients up to $2,000 for preparing individual returns.
The two face a maximum sentence of five years in prison each for their guilty plea to conspiring to falsify tax returns.
