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According to a Department of Justice press release, a Minnesota man was recently charged with assisting in the preparation of false income tax returns and wire fraud by a federal grand jury in St. Paul. This story is an example of the serious consequences that can stem from tax noncompliance. If you have failed to file a tax return for one or more years, or have taken a position on a tax return that could not be supported upon audit, you should contact an experienced tax defense attorney as soon as possible to determine how you can get right with the government.
Court documents reveal that Beau Wesley Gensmer, of Prior Lake, owned a consulting company and is accused of using false information to prepare income tax returns for members of the Shakopee Mdewakanton Sioux Community, a Native American tribe that owns Mystic Lake and Little Six Casinos outside of Minneapolis.
From 2014 to 2018, Gensmer allegedly convinced tribal members to hire him to assist in the preparation and filing of their tax returns and allegedly emailed false information to an Alaskan return preparer, who used the information to prepare the tax returns. The false entries in the tax returns claimed fraudulent business losses and charitable contributions, which allegedly resulted in tax refunds that averaged over $100,000 per client. The indictment alleges that Gensmer received approximately 30% of each inflated tax refund, causing a tax loss to the IRS of more than $1.5 million.
If convicted, Gensmer faces a maximum penalty of 20 years in prison for each count of wire fraud and 3 years in prison for each false tax return charge. The defendant will appear before a U.S. Magistrate Judge for the District of Minnesota for his initial court appearance and a federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
This case highlights the importance of seeking out professional tax guidance to ensure compliance with tax laws and avoid criminal tax charges. The Tax Law Offices of David W. Klasing, with a team of knowledgeable and experienced tax professionals, can provide reliable support in navigating the complexities of tax law, reducing the risk of litigation, and helping clients make informed decisions about their taxes.
If you have filed a tax return that was knowingly false or have failed to file tax returns for one or more years, contacting an experienced tax defense attorney is imperative. Together, you will work to establish the important facts of your case and lay out a strategy to come into tax compliance without facing criminal tax prosecution.
Regardless of your particular business or estate needs, the professionals at the Tax Law Offices of David W. Klasing are here for you. We are open for business and our team will help ensure that your business is too. Contact the Law Offices of David W. Klasing today to discuss your business with one of our professionals.
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