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IRS Suspends Houston CPA for Preparing False Returns

Monday, Feb 08 2010
Tax
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WASHINGTON - A CPA based in Houston has been suspended from practice before the Internal Revenue Service for 12 months for providing false or misleading information in connection with the preparation of client tax returns. The Office of Professional Responsibility took the action against CPA Robert A. Loeser who it said assisted clients in claiming false business expenses on tax returns he prepared.

The IRS said Loeser advised clients to forward funds from their businesses to two corporations Loeser controlled. Those corporations then rebated funds to clients and Loeser prepared clients' books and tax returns expensing and deducting the money paid to the companies. The IRS alleged Loeser violated Circular 230 by giving false or misleading information to the Department of Treasury and the IRS.

Bob Scott
Bob Scott
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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