US accountant charged with fabricating crypto losses in tax fraud scheme
- —Indicted on 19 counts of aiding false tax returns, each carrying up to three years in prison
- —Fake crypto and stock losses inflated deductions on clients' returns
- —Form 8888 split-refund scheme routed portions of refunds to her and an associate
- —Released on $50,000 bond; pleaded not guilty in New Haven federal court
Why it matters: The case signals that the IRS is actively pursuing crypto-related tax fraud, raising risks for unscrupulous preparers and their clients.
Source: Livecoins