Two D.C. tax preparers were able to find big write-offs for their clients in recent years — more than $1.6 million worth. But federal authorities allege there was one problem: The filings were made up.
The U.S. Department of Justice unsealed indictments this week against Onuoha “Iggy” Nwokoro and John T. Hoang for allegedly falsifying business loses on returns in an attempt to defraud the IRS.
Nwokoro operated BBC Tax Services, and Hoang ran a tax preparation firm under his own name. Nwokoro also falsified his personal tax returns between 2004 and 2006, according to the indictment.
Nwokoro and Hoang were charged with 18 counts and six counts, respectively, of aiding and assisting in the preparation of false income tax returns, according to the indictment. Nwokoro faces up to 54 years in jail and a $250,000 fine if convicted. Trial dates have not been set in either case.