Excellent Fraud?

Two Georgia tax preparers may have prepared their last returns. Larry Heath and Andy Heath are brothers. Both own and operate tax preparation businesses in northern Georgia. Both have prepared lots of returns, and they likely have very satisfied customers. Of course, when at least 86% of all returns obtain refunds, and over 94% of the returns analyzed by the IRS require adjustments, perhaps there’s an issue.

The Department of Justice alleges that there are lots of issues with the Heaths’ businesses, Heath’s Income Tax II and Excellent Tax Service. Among the items listed in the government complaint, the DOJ alleges that the Heaths, “…concoct bogus losses, expenses, education credits, business expenses and charitable contributions.” The DOJ is asking for an injunction against the brothers, stopping them from preparing any returns. The DOJ also wants to force the Heaths to notify all of their clients about the alleged tax fraud.

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