September 29, 2017

CT woman guilty of $1.1M IRS fraud

A Bristol woman pleaded guilty Thursday to preparing false tax returns that cost federal taxpayers more than $1.1 million in uncollected taxes, prosecutors say.

Robin Reid, 54, waived her right to indictment and pleaded guilty in New Haven federal court to one count of aiding and assisting the filing of a false tax return, the Connecticut U.S. Attorney's Office said.

Reid faces up to three years in prison and a maximum fine of up to $2.2 million when she is sentenced on Dec. 21, prosecutors said.

According to investigators, from at least 2005 through 2015, Reid's tax-preparation service inflated deductions for medical and dental expenses, charitable contributions, employee-related expenses, and other expenses.

By routinely overstating deductions and reducing taxable income on the respective returns, Reid caused a tax loss of $1,126,011 to the Internal Revenue Service, authorities said.

Reid's clients are required to resolve their own tax liability with the IRS, investigators said.

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