OWNER OF TAX RETURN BUSINESS MADE $300,000 BY FILING FALSE INCOME TAX RETURNS
Aminta Smith, 32, of Charlotte, NC earned more than $300,000 between 2013 and 2015 for preparing tax returns and failed to report the bulk of that income on her own tax returns. Aminta was convicted by a federal jury in May 2019.
For more than three years, Aminta used false entries, including fabricated wages and business expenses, to capitalize on the Earned Income Tax Credit, which resulted in higher refunds for her clients.
Aminta prepared income tax returns for clients that claimed false education credits, false W-2 wages, and false Schedule C businesses to inflate the refunds paid by the IRS. In addition to filing fraudulent income tax returns for her clients, Aminta falsified her own income tax returns by under reporting the fees she earned in her tax preparation business for tax years 2013- 2015 and failing to disclose that she was engaged in the operation of a tax preparation business.
A sentencing date has not been set. Aminta faces a maximum possible sentence of three years in prison on each count, as well as a period of supervised release, restitution, and monetary penalties.
In a separate case a former Wells Fargo employee was convicted for stealing over $30,000 and bought penthouses.