A tax preparer at two Hacienda Heights businesses pleaded guilty Monday to a scheme to defraud the Internal Revenue Service through the preparation and filing of bogus tax returns.
Calvin Tyrone Ridgill, 60, of Whittier, a tax preparer at Hernandez and Associates and CT Professional Services, pleaded guilty to one count of aiding and assisting in the preparation of a false tax return, according to the IRS.
According to a plea agreement, Ridgill prepared federal income tax returns for his clients claiming false or inflated income tax refunds based on bogus deductions. Those returns resulted in losses to the IRS of more than $400,000, the agency said.
The count to which Ridgill pleaded guilty relates to a 2011 return filed on behalf of a client which included a false Schedule E partnership loss in the amount of almost $56,800.
Ridgill faces up to three years in federal prison, a fine of $250,000, and a possible restitution order of about $357,500 when he is sentenced July 13, according to the IRS.
Ridgill has agreed to a binding civil injunction barring him for life from aiding or assisting in the preparation of federal income tax returns for anyone other than himself and his legal spouse, and barring him from representing individuals before the IRS, the agency reported.
— City News Service