Maplewood CPA Pleads Guilty to Filing False Tax Returns

The owner of a Maplewood tax preparation business pleaded guilty Tuesday, admitting his role in filing false returns, the U.S. Attorney's Office said.

Carlyle Fraser of Maplewood, whose age was not released, owner of Fraser CPA and Taxko Inc. pleaded guilty before U.S. District Judge Joel A. Pisano in Trenton federal court to one count of aiding and assisting in the preparation of false individual income tax returns.

Fraser prepared and filed false individual income tax returns for clients from 2008 through 2011, according to court documents. 

On April 8, 2011, Fraser prepared a false 2010 individual income tax return for an undercover agent, which claimed false deductions for medical and dental expenses, charitable contributions, reimbursed employee expenses, tuition, a business loss and a capital gain loss. 

In preparing false individual income tax returns for his clients, Fraser caused a tax loss to the IRS of $149,739.

Fraser faces up to three years in prison and a fine of $250,000, according to the District Attorney's Office.

Sentencing is scheduled for June 25.