Edison Ventures, one of the investors in JTH Holding, has sold its interest in JTH, parent company of Liberty Tax Service. The firm said it had invested $3.3 million in Liberty in July 2012 and its proceeds of $45 million were just under 14 times the original investment.

Tax preparer Williesteina Jacobs has been indicted for 27 counts that allege she aided in the preparation of false returns. Jacobs operated International Professional Business Services, which was located in South Richmond Hill, N.Y., and Jamaica, N.Y., both in the New York City borough of Queens.

Larry Cohn has become co-partner-in-charge of technology at CPA firm Sikich. Currently, Cohn is managing the practice along with long-time partner, Jeff Rudolph, who is retiring at the end of 2014. Rudolph joined Sikich in September 1998 via the merger of his business, Intelligent Computer Solutions, with the accounting firm then known as Sikich Gardner.