A South Jersey woman who owns a tax preparation business admitted on April 28, 2020 to helping her clients file falsified tax returns, U.S. Attorney Craig Carpenito announced.
Gloria Valentin, 48, of Cherry Hill, New Jersey, pleaded guilty by teleconference before U.S. District Judge Renee Marie Bumb in Camden federal court to an information charging her with one count of aiding and assisting in the preparation of false income tax returns.
According to documents filed in this case and statements made in court:
Valentin owned, operated and approved all of the income tax returns filed by GNG Business Solutions in Cinnaminson. She admitted that she prepared approximately 60 income tax returns for 27 tax clients during tax years 2013 through 2016. Those tax returns contained similar patterns of false and fictitious Schedule A itemized deductions and unreimbursed employee business expenses. Valentin and her employees fabricated Schedule A, unreimbursed employee business expenses when none were incurred. Those false expenses resulted in substantially reduced income tax liabilities and resulted in larger refunds for her clients and caused a tax loss of $201,896 to the government.
The charges to which Valentin pleaded guilty carry a maximum potential penalty of three years in prison and a $250,000 fine.
Sentencing is scheduled for Sept. 8, 2020.
U.S. Attorney Carpenito credited special agents of IRS-Criminal Investigation, under the direction of Acting Special Agent in Charge Laura J. Perry, with the investigation leading to today’s guilty plea.
The government is represented by Senior Trial Counsel Jason M. Richardson of the U.S. Attorney’s Office Criminal Division in Camden.
To view the Complaint, click here.