A former certified public accountant in Mt. Juliet will serve a year and one day in prison and will have to pay more than $200,000 for preparing false tax returns.
In July, Macon J. Dew, 64, pleaded guilty to two counts of aiding and assisting in the preparation of false tax returns.
Dew operated a tax return preparation business in Mt. Juliet and Old Hickory, TN. Between 2001 and 2004, he prepared at least 33 false income tax returns for others, according to the U.S. attorney's office.
The false items included fictitious 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.
Additionally, Dew admitted that for the 2006 tax year, he prepared returns and relevant schedules for two individuals who formed a corporation known as CP Construction, LLC.
The returns falsely reported a loss of $751,300 each. These claimed losses resulted in a tax loss to the government of $165,535.
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