Rensselaer Tax Preparer Guilty Of False Returns
Posted on Sunday, 12 of July , 2009 at 8:54 am
ALBANY – A Rensselaer tax preparer has pleaded guilty to aiding and assisting in the preparation and presentation of false tax returns.
John Sterling, 55, entered the guilty plea in U.S. District Court in Albany.
Sterling admits he ran a tax preparation business called JC Sterling, Income Tax Preparation.
Among the many tax returns Sterling prepared for tax years 2004, 2005, and 2006 were at least 114 filed returns that included false claims to itemized deductions on Schedule A. In preparing these 114 tax returns, Sterling created and falsified expenses and deductions relating to real estate taxes, charitable contributions, and job expenses.
The aggregate amount of false expenses and deductions claimed in these 114 tax returns prepared by Sterling for tax years 2004, 2005, and 2006 topped $600,000
The maximum possible penalties include imprisonment for three years, to be followed by supervised release for one year, and a fine of $250,000. 7-12-09
For the month of July, 2009, subscriptions to the NCG Daily Digest are available for the special rate of $15.95 for six months (reg. $24.95) or $24.95 for one year (reg. $34.95). For further information, contact news@northcountrygazette.org Offer ends 7/31/09, for new subscribers only.
Of course advertisers are always welcome. Advertise your business today at NCG for as low as $20 per month and help NCG continue to bring the news to you.
First time visitors are welcome at The North Country Gazette. Thereafter, a subscription is required to gain access.
Category: Courts, Crime, New York State, Taxes
- Add this post to
- Del.icio.us -
- Meneame -
- Digg
COPYRIGHT 2009 - NORTH COUNTRY GAZETTE All rights reserved. This material may not be published, broadcast, rewritten or redistributed without the express written permission of the publisher.
