Damian Williams, U.S. Attorney for the Southern District of New York, speaks during a press conference in New York City, Sept. 22, 2023.
A New York tax preparer was arrested Monday on charges related to causing "substantially" more than $100 million in tax losses through the filing of false returns — one of the largest tax frauds ever by a preparer, federal prosecutors said.
The false information allegedly included bogus itemized deductions, fake capital losses, and phony business expenses and tax credits.
ATAX New York grossed more than $15 million from 2016 through 2019, according to Thomas Fattorusso, the IRS special agent in charge of criminal investigations.
Alvarez was the CEO, owner and manager of ATAX from 2010 through 2020, and the firm during that time prepared more than 90,000 income tax returns, according to prosecutors.
Persons:
Damian Williams, preparer, Rafael Alvarez, Alvarez, Thomas Fattorusso, ATAX
Organizations:
Attorney, Southern, of, New, Manhattan U.S, ATAX New, IRS, Attorney's
Locations:
U.S, of New York, New York City, New York, York, Manhattan, ATAX, ATAX New York, United States, disgorgement