- Knowingly claimed false deductions and expenses resulting in a tax loss of over $450,000
BOWLING GREEN, Ky. - A Glasgow, Kentucky federal tax return preparer was sentenced in United States District Court today by Chief U.S. District Judge Joseph H. McKinley, Jr., to 18 months in prison, followed by one year of supervised release, for aiding and assisting in the preparation of false income tax returns, announced David J. Hale, United States Attorney for the Western District of Kentucky.
On April 11, 2012, a Bowling Green, Kentucky grand jury returned a thirty-five count Indictment against Greg P. Denham, age 48, alleging he knowingly assisted in the preparation of materially false federal tax returns. Denham formerly owned and operated Accounting and Tax Professionals in Glasgow, Kentucky.
On Nov. 19, 2012, Denham pleaded guilty to all 35 counts of the Indictment, admitting that between February 2006 and May 2009, he knowingly prepared individual income tax returns that misrepresented expenses and under-reported taxes owed by taxpayers. The indicted returns were prepared for tax years 2005 through 2008. The returns in question claimed business expenses that Denham knew the taxpayers did not actually incur, or that were not actual business expenses. The total tax loss resulting from fraudulent tax returns Denham prepared, including tax returns not listed in the Indictment, was over $450,000.
This case was prosecuted by Assistant United States Attorney David Weiser and was investigated by the IRS, Division of Criminal Investigation.
Source: U.S. Department of Justice, Office of the United States Attorneys
