Albany tax business searched after fraud investigation
Two people have been arrested and searched warrants have been served in Dougherty County in connection to a business allegedly filing fraudulent tax returns.
Investigators with the Georgia Department of Revenue along with the Dougherty County District Attorney's Office had arrest warrants for Wayne Phillips and Tangela Hall in connection to their business H&P Financial service.
Investigators allege that the business was filing fraudulent returns that had issues such as:
- Schedule A forms containing inflated deductions for unreimbursed employee expenses, medical and dental expenses, and gifts to charity;
- Schedule C forms containing false businesses with inflated losses to offset taxable income that the taxpayer had no knowledge of;
- Utilizing counterfeit W-2 documents to support filed state tax returns;
- False contributions to Individual Retirement Accounts;
- False education credits
- Questionable dependents
Charges include computer forgery and false statements according to investigators.
Josh Waites, Director of the Office of Special Investigations said "The owners of H & P Financial Services did a disservice to legitimate tax preparers throughout the State. We thank the Dougherty County District Attorney Greg Edwards and his Special Prosecutions Division for partnering with the Department of Revenue to assist in stopping this criminal activity."
Employees and clients of H & P Tax Service are asked to come forward to correct any fraudulent returns and avoid potential criminal penalties.