DENVER — A Mexican national was convicted this week in U.S. District Court of Colorado of preparing false tax returns to claim refunds her clients were not entitled to receive, federal prosecutors said Tuesday.
Nancy Maldonado Alvarez, 43, was convicted on 37 counts of aiding or assisting in the preparation of false tax returns for clients.
Court documents presented at trial show Alvarez owned and operated a tax preparation business in Denver that she used to prepare false tax returns claiming refunds her clients were not entitled to receive.
Prosecutors said Alvarez carried out her tax fraud scheme by fabricating business losses, often for non-existent businesses. They also said she sought paid sick and family leave credit, which Congress created to aid struggling businesses and others in the early days of the coronavirus pandemic, even though many of her clients did not qualify for the credit. Additionally, Alvarez was accused of collecting preparation fees that sometimes exceeded $2,000 per return, often unbeknownst to her clients.
In total, Alvarez caused a loss to the United States exceeding $150,000.
She is scheduled to be sentenced in August, according to a U.S. Attorney’s Office for the District of Colorado spokesperson.
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