NEW YORK – A Mount Vernon man, who is an income tax preparer, was indicted on 50 federal counts relating to his false and fraudulent preparation of individual income tax returns for his clients.
According to the indictment, the loss from Samuel Gentle’s conduct was over $630,000.
Gentle, 59, operated a tax preparation business called GenGen, Inc. in Mount Vernon and it is alleged from 2009 through 2012, his business prepared and submitted to the IRS, on average, 3,400 tax returns each year. Some of those returns were false and fraudulent in that they contained inflated deductions for business expenses and gifts to charity.
As part of the investigation, an undercover IRS agent posed as a client, submitted a W-2 form showing income from wages, but despite providing no other documentation for deductions, Gentle included false deductions for business expenses and gifts to charity on the tax return he prepared for the agent.
If convicted, Gentle could face a maximum of three years in prison on each of the 50 charges.
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