Jacksonville tax preparer pleads to fraud, faces 3 years | Jacksonville.com
Jacksonville tax preparer pleads to fraud, faces 3 years
He faces up to three years in prison and at least $216,000 in fines.
By Paul Pinkham
Story updated at 8:12 AM on Friday, Jul. 24, 2009
A Jacksonville tax preparer admitted Thursday he falsely claimed tax credits for first-time home-buyers. He was the first person in the country indicted for manipulating the federal program implemented last year.
James Otto Price III, 47, pleaded guilty to one count of aiding the filing of a fraudulent income tax return. He faces up to three years in prison and restitution to the Internal Revenue Service of at least $216,000, Assistant U.S. Attorney Nicholas Pilgrim said.
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