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Tax or Be Taxed, That Is The Question?

Now that the new year has gotten underway everyone will be eagerly awaiting their  to arrive in the mail and unless you do your taxes yourselves, how can you be assured that the person doing your taxes is preparing them accurately.

tax

A woman was recently convicted of IRS fraud and according to the story as reported by Phil Rogers of NBC Chicago,  Verlean Hollins was a very good tax professional,  during the years of 2009, 2010 & 2011 her expertise caused the IRS to be frauded to the tune of well over $3 million dollars.

Ms. Hollins has stated she did not keep one penny of the money that her clients received as a part of their refunds.  People considered to be close to Ms. Hollins stated “Hollins genuinely believed she was helping members of her community.” It really does make you wonder what recourse does a tax payer have in a situation such as this. Are they going to be held responsible for the acts of the preparer, will they be audited as a result? Also this makes me question the government, what took them so long to determine if fraudulent activity was taking place?

Verlean-Hollins

At this point it has not been reported whether the 3000 plus people she has prepared taxes for are going to be audited in he future but what is a fact is Ms. Hollins has been convicted and could face up to 5 years in prison and she has agreed to pay restitution in the amount of almost $800,000 and to add insult to injury this tax professional of over 20 years is going to have a hard road to walk and while it is understandable of what her intentions were, there are other ways to doing a service for the community.

My heart goes out to Ms. Hollins and I pray that she is able to come back from this unfortunate situation.  It is my belief that EVERYONE deserves a second chance and so does Ms. Hollins.

Blessings,

SunShyne

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