HENRY KJELLANDER III, CPA

We Solve IRS Problems

1 Riverway, Suite 1700 | Houston, TX 77056 | Ph (832) 506-5036
3800 North Lamar Blvd, Suite 200 | Austin, TX 78756 | Ph (832) 506-5036
  • Home
  • IRS Tax Relief
    • Top 10 IRS Tax Problems
  • Tax Preparation
  • Tax Related Services
    • Bookkeeping & Accounting
  • Profile
    • Tax Blog
    • Testimonials
  • Locations
    • Useful Links
  • Tax Resolution Center

Former CPA & Tax Preparer Sentenced to 15 Months in Prison

July 2, 2012 By henrykcpa

My goal when preparing tax returns is always to bring your tax liability down to the legal minimum.  Richard Allen Edgar, on the other hand, cheated the IRS out of $358,000 in tax by selling $1.5 million in phony partnership losses to his clients.  He charge a percentage of these losses and the IRS caught him.  He was sentenced to 15 months in prison and lost his CPA license.

Believe it or not, this type of tax fraud occurs fairly frequently and is also punished frequently.  It is very important to find a trustworthy tax preparer. This tax preparer may have gone to prison but his clients will also be left in a very difficult position having to pay back all the tax they were suppose to plus heavy penalties and interest.  It is a position that no one wants to be in so do your homework and find a tax preparer that is trustworthy with a proven track record.

Filed Under: Tax Preparation Services

IRS Tax Help

  • Max. file size: 128 MB.
    If possible, please upload a copy of the latest IRS letter

Tax Blog

Tax Reform

2012 Tax Extension Deadline

2011 Tax Extension Deadline Approaching

Copyright © 2022· Henry K CPA · All Rights Reserved