A New York man was convicted at trial of filing a fraudulent claim with the IRS.
According to court records, Kareem Young, 40, of Binghamton, N.Y., filed a 2013 individual tax return seeking a refund of $6.125 million. Young’s actual income for 2013 was $3,127.36.
To further his claims, Young fabricated withholdings on a Form 1099 OID claiming false withholding credits from the Broome County District Attorney. Young’s return was reviewed and the IRS sent Young correspondence telling him to file a corrected return immediately. Young failed to do so and persisted in his efforts to get a refund of $6.125 million. The IRS never issued a refund. Young faces up to five years in prison.
Tax problems can happen to anyone!
People get sick, hurt, divorced. Life happens. It’s not hard for taxes to become the least important issue in your life. Unfortunately it’s also not hard for a small tax issue or mistake to spiral out of control. If you are having trouble with the State or IRS please give us a call so we can help you sort it all out.