Welcome! Login | Register
 

NEW: Watchdog Group Demands Answers Following RI’s $500M IT Project Rollout—NEW: Watchdog Group Demands Answers Following RI's $500M…

Guest MINDSETTER™ Steve Laffey: Providence Leaders Need Reality Check—Guest MINDSETTER™ Steve Laffey: Providence Leaders Need Reality…

Dave’s Marketplace Chooses Cranston for 10th RI Location—Dave's Marketplace Chooses Cranston for 10th RI Location

RI Ranked 10th Worst State for Teachers—RI Ranked 10th Worst State for Teachers

Cheat Sheet 59, FBI Files: Coia’s Relationship with Patriarca, FBI and the Clintons—Cheat Sheet 59, FBI Files: Coia’s Relationship with…

Moore: Catholic Church Should Focus on Charity, Not Firing Gays—Moore: Catholic Church Should Focus on Charity, Not…

G Media Studios Completes Acquisition of Local Agency—G Media Studios Completes Acquisition of Local Agency

Paiva Weed Blasted for Taking Donations from 38 Studios Defendants—Paiva Weed Blasted for Taking Donations from 38…

Smart Benefits: Received an ACA Tax Bill? Look Twice Before Paying—Smart Benefits: Received an ACA Tax Bill? Look…

Revs’ Playoff Hopes Take Hit After 2-0 Loss to Columbus—Revs' Playoff Hopes Take Hit After 2-0 Loss…

 
 

NEW: Providence Business Owner Pleads Guilty to Tax Evasion

Wednesday, February 13, 2013

 

Michael Brier admitted this week that he under-reported $1.1 million of income and violated a federal court order.

A Providence business owner has pled guilty to underreporting over a million dollars in income and violating a federal court order that had permanently barred him to preparing tax returns for others.

According to United States Attorney Peter F. Neronha and William P. Offord, Special Agent in Charge of the Boston office of the Internal Revenue Service (IRS), Criminal Investigation. Michael Brier, owner of the tax preparation firm Refunds Now Inc., which is based in the capital city, pleaded guilty Monday to one count of criminal contempt and one count of tax evasion return.

Brier had been issued a preliminary injunction by the court in November 2010 after an investigation revealed that “at least 300 tax returns prepared by Brier and Refunds Now” understated his customers’ tax liabilities and that Brier and his employees had “fabricated tax deductions and credits on the returns.”

From 2003-2007, Brier and his employees had prepared an estimated 24,000 federal income tax returns and an IRS examination of 350 of those returns revealed that “92 percent of them required adjustments,” Neronha said in a release.

All told, the adjustments had cost the government more than $1.1 million in tax revenue and, on March 7, 2011, Brier and his employees were barred to preparing returns.

Less than a month later, Neronha said, the IRS Criminal Investigation unit searched Brier’s business and found returns filed after the date of the injunction and reportedly seized payments and records proving Brier had continued the services after that date as well.

According to Neronha, Brier admitted to the court that he underreported taxable income to the IRS between 2004 and 2009 totaling $1,152,679, and that he underpaid $399, 424 in taxes to the IRS.

He is scheduled to be sentenced on May 10, 2013.
 

 

Enjoy this post? Share it with others.

 
 
:!