Old Hickory CPA pleads guilty to tax charges - WSMV Channel 4
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A Certified Public Accountant pleaded guilty Friday to two counts of aiding and assisting in the preparation of false tax returns, said U.S. Attorney Jerry E. Martin.
Macon J. Dew, 64, of Old Hickory, TN, was charged with filing false tax returns April 17, 2012. He faces a maximum penalty of three years in prison and a fine of $250,000 on each count when he is sentenced Oct. 1.
Dew admitted to authorities that between 2001 and 2004 he prepared at least 33 false income tax returns for others. The false items included bogus W-2 forms, false Schedule C businesses and fraudulent education credits.
Dew admitted that the tax loss from the filing of these false returns was at least $40,000.
He also admitted that for the 2006 tax year he prepared returns for two people who formed a corporation known as CP Construction, LLC.
The returns reported a loss of $751,300 each, however no tax return was ever prepared for CP Construction, LLC for that same tax year. These claimed losses resulted in a tax loss to the government of $165,535.
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