Jacksonville man pled guilty to tax fraud

Local

RALEIGH, N.C. (WNCT) A Jacksonville man pleaded guilty on Wednesday to willfully aiding and assisting in the preparation of false tax returns.

According to court documents, Gene Hersholt Williamson, II, 54, operated a tax return preparation business out of Greenville and Jacksonville between 2012 and 2018. 

Williamson fraudulently inflated his clients’ claimed refunds by reporting fictitious Schedule C businesses on his clients’ returns. 

If clients had minimal income, Williamson created a fraudulent Schedule C business for them, reporting additional income in order to maximize the claimed earned income tax credit.

If, however, clients had substantial wage income, Williamson created fraudulent businesses with significant expenses to reduce their income, qualifying them to receive earned income tax credit.

Williamson received 10% of the refunds for his services. 

To conceal his involvement in the scheme, Williamson did not list himself as the paid return preparer on any returns he prepared.

The total tax loss to the IRS was more than $600,000.  Williamson agreed to make full restitution as part of the plea agreement.

Judge Dever scheduled sentencing for the December 14, 2020 term of court.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

LKQD Outstream

Trending Stories

news-app-download-apple-350x50news-app-download-android-350x50