WebCPA reports that a Houston based CPA tax preparer has been suspended from practice before the IRS for filing false tax returns for his clients:
According to the IRS, Robert A. Loeser of Houston assisted his clients in lowering their tax bills by claiming false business expenses on tax returns he prepared. He allegedly advised his clients to forward funds from their businesses to two corporations that he controlled. The corporations then rebated the funds to his clients. Loeser prepared the clients’ books and business tax returns, expensing and deducting the entire amounts that were paid to the corporations.
The IRS accused Loeser of violating Circular 230 requirements by giving false or misleading information to the Treasury Department and the IRS, and he has settled with them.
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