• Sun. Apr 21st, 2024

Fraudulent Tax Preparer Banned from Operating in Arizona: A Reminder to Beware of Unscrupulous Businesses

BySamantha Nguyen

Apr 3, 2024
Arizona Tax Business Faces Injunction for Alleged Fraud

In Arizona, the Justice Department has filed a request for a permanent injunction against Golden Heart Tax Services and its tax preparers due to alleged fraudulent activity. The request aims to dismantle the business and prevent the defendants from owning or operating a tax preparation business and preparing tax returns.

The complaint accuses Mayuen Ajak, Yier Deng, Bol Guot, Gabriel Kuot, and Golden Heart Tax Services LLC of falsifying tax returns to increase customer refunds and profit through high undisclosed preparation fees. The defendants are also accused of claiming false fuel, COVID-related, education, and earned income tax credits as well as fabricating business-related incomes. Many of the defendants’ customers are immigrants to the United States with limited English proficiency and tax knowledge. The Internal Revenue Service estimates that approximately $10 million was lost in underreported income or unpaid taxes due to the defendants’ alleged misconduct.

To help taxpayers avoid unscrupulous tax preparers, the IRS provides information on its website about choosing a tax return preparer. Additionally, the IRS offers a directory of legitimate tax preparers to assist taxpayers in finding reputable services. It is crucial to be cautious and informed when selecting a tax preparation service to avoid falling victim to fraudulent practices.

Golden Heart Tax Services was founded in Texas in 2018 and is currently operating in Arizona, Texas, Missouri, and Nebraska. However, after being investigated by the IRS for allegedly engaging in fraudulent activities related to their operations in Arizona, they have been banned from operating their business in that state permanently.

The Justice Department’s request for an injunction is aimed at preventing any further harm caused by this fraudulent business. The defendants must now return any preparation fees earned by allegedly preparing fraudulent or false tax returns.

This case serves as a reminder that not all tax preparers can be trusted with sensitive financial information. It is essential for individuals to do their research before selecting a service provider for their financial needs.

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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