Breaking Tax News- Two sisters living in Southern California have been sentenced to six years in federal prison for defrauding the IRS. Additionally, they've been ordered to pay a lofty $14 Million in restitution to the IRS.
Runs in the Family: The sisters, Karen Berry and Carla Berry were sentenced this Monday. Their father, Matthew Berry, ran a tax preparation business called "N.C.K. Services Inc." He also served time for tax fraud!
The Crime: The Berry sisters pleaded guilty in March 2008 for conspiracy to cheat the IRS out of more than $30 million and helping taxpayers file false tax returns with deductions for mortgage interest, real estate taxes, unreimbursed employee expenses, and charitable contributions.
Taking it Seriously The past couple of years have showed us an increase in harsh action against tax evaders and fraudulent tax preparers. Take this as a warning, be careful about who you trust to handle your tax issues.