Owner of ENC Tax Business Sentenced To 100 months

The owner of a tax preparation business with offices across Eastern Carolina, has been sentenced to just over eight-years in prison after pleading guilty to tax fraud charges.

Last August, 41-year-old Larry Hill Jr. Of Rocky Mount plead guilty to one count of conspiring to submit false 2 claims for federal income tax refunds to the IRS, and one count of filing a false 2010 federal income tax return.

According to the investigation, Hill owned and operated Hill's Tax Service, a tax return preparation business which, at various times, maintained offices in Rocky Mount, Farmville, Scotland Neck, Hollister, and Wilson.

Between 2010 and 2012, Hill and his co-conspirators filed well over 2,000 federal income tax returns for customers that claimed, collectively, over $14 million in tax refunds.

Prosecutors said a significant number of the returns reported materially false information - including false dependents, income, and withholdings - in order to maximize the earned income tax credit and otherwise cause the issuance of inflated refunds.

Hill and his co-conspirators pocketed a portion of every fraudulent tax refund that was issued.

According to the investigation, Hill profited the most from the long-running scheme, collecting, on average, $1,000 or more from each unlawful refund.




 
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