A former municipal judge from Central pleaded guilty to filing false tax claims that resulted in $360,000 in improper refunds issued by the U.S. Treasury, prosecutors said.
U.S. Attorney Bill Nettles said Janet Reese, 48, operated her own tax prep business and for the 2008 tax year, she prepared multiple returns for people and claimed the First Time Homebuyer Credit on the returns.
Reese's customers had not been first-time homebuyers or purchased homes at all, Nettles said.
Nettles said the credit refunds worth more than $360,000 were then put into an account she controlled, preventing taxpayers from knowing their returns were falsified.
Reese faces a maximum penalty of a $250,000 fine and/or imprisonment for five years, plus a special assessment of $100 when the federal judge sentences her.
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