(WKTV) - A Little Falls accountant has pleaded guilty to preparing false tax returns, U.S. Attorney Richard Hartunian said.
James Butcher, 58, pleaded guilty on Wednesday to aiding and assisting in the preparation of false tax returns. He faces a maximum of three years prison, a maximum fine of $250,000 and restitution to the Internal Revenue Service for tax years 2007-2010.
According to officials, Butcher admitted that while he was the owner and operator of an income tax preparation business called Jim's Income Tax Service in Little Falls, he prepared 40 false Form 1040 returns for 14 clients from 2007 through 2010. The forms contained false or inflated charitable donations and some also included false or inflated unreimbursed employee expenses.
In preparing these 40 returns, Butcher admitted he that he inflated deductions without being directed to do so by the clients. The total tax loss resulting from the false returns is $140,446.
Butcher will be sentenced Aug. 1 in Utica.