RGV Tax Preparers indicted due to Tax Fraud Schemes – IRS
In a report published by KURV710, according to a 27-count indictment, three locals are accused of owing the IRS losses totaling more than $300,000 says Alamdar S. Hamdani, an attorney.
Elizabeth Romo turned herself in today and is scheduled to appear in court for the first time in McAllen this morning in line with her Tax Fraud Schemes case.
Last week, authorities detained Gloria Romo and Maria Lourdes Campos who were also alleged culprits of Tax Fraud Schemes.
Campos, Elizabeth Romo, and Gloria Romo are accused of filing scores of bogus tax returns with the IRS on purpose to obtain higher tax savings for their clients, according to the indictment, which was issued on July 11 and was fully unveiled today.
The three ladies are accused of preparing Forms 1040 with fictitious Schedules A and C that included erroneous credits for residential energy, childcare, and dependent care costs.
In an article from DoJ, the accusations of Tax Fraud Schemes state that customer tax filings for the tax years 2017 through 2020 contained misleading and/or exaggerated deductions.
According to the indictment of these Tax Fraud Schemes, clients of Campos Tax Services either paid less tax to the IRS or received a larger refund than they were legally entitled to.
Allegedly, over four years, all three of them cost the IRS more than $300,000 as a result of the Tax Fraud Schemes.
They could each get a maximum fine of $250,000 and a sentence of up to five years in jail if found guilty of these Tax Fraud Schemes.