The Maryland Attorney General’s Office said a Dundalk tax preparer filed false tax returns to secure larger refunds for clients, by filing phony schedules reporting small business losses.
This week, operator of HTS, LCC, Scott L. Jacobson, pled guilty to one count of theft by deception. He was initially sentenced to five years in prison, but the sentence was suspended and instead will pay a judgment of $75,499 and serve five years of probation.
The tax preparation service was operated out of Jacobson’s home in 2014 and 2015, the Attorney General’s Office said.
“Marylanders should always review their returns, especially if they’re filed electronically by a tax return preparer,” Maryland Attorney General Brian Frosh said in a statement. “The joy of getting a big refund can turn into a harsh tax liability, if the return is not prepared by an hones and competent professional. It’s also worth remembering by wary if something sounds too good to be true.”