Police arrested Yves Isidor, a Somerville tax preparer, on April 14, 2023 after a federal grand jury indicted him on five counts of aiding and assisting in the filing of false federal tax returns (26 U.S. Code Section 7206).
If convicted, Isidor could face up to three years in prison and a fine of $250,000.
According to a press release published by the U.S. District Attorney’s Office in Boston:
from at least 2012 through 2016, Isidor operated under the name Tax and Realty Pro ā a Malden tax preparation business ā to file more than 1,200 tax returns in the names of clients, charging from $100 to $500 per return. He allegedly added false information to returns to claim deductions for fictitious medical and dental expenses, personal property taxes, gifts to charities, general sales taxes and unreimbursed employee business expenses. As a result, the indictment alleges that some taxpayers paid lower taxes than they owed and, in most cases, received tax refunds to which the taxpayers were not entitled, leading to hundreds of thousands of dollars in losses to the IRS.
A federal judge released Isidor with conditions for the duration of the court proceedings.
The case will be prosecuted by a member of the DA’s Securities, Financial and Cyber Fraud Unit.
Law Office of Justin R. McCarthy 