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A 45-year-old Texas-based tax preparer has been sentenced to three years in prison and ordered to pay $6.7 million in restitution to the United States.
Bachary Rushid McGruder, owner of M&M Enterprises and Consulting, pleaded guilty in November to aiding and assisting in the preparation of more than 1,000 false tax returns.
McGruder charged his clients fees of as much as $2,800 each for preparing their returns. He used techniques such as fictitious Schedule A itemized deductions including gifts, to charity, unreimbursed employee expenses and home mortgage interest and false Schedule C business losses; and f Residential Energy Credits.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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