Thursday, April 14, 2011

Eddye Lovely Charged With Filing False Income Tax Returns


WASHINGTON - Eddye Lovely was indicted by a federal grand jury in Houston with 14 counts of aiding and assisting in the preparation of false income tax returns, the Justice Department and Internal Revenue Service (IRS) announced today.

According to the indictment, Lovely owned and operated a Houston tax return preparation business called “The Tax Master.” For tax years 2004 through 2006, Lovely prepared materially false tax returns for seven clients. These tax returns included fabricated Schedule C losses for businesses that the taxpayers did not own or operate. They also included falsified or inflated Schedule A deductions for charitable contributions, non-reimbursed employee expenses, job search costs and/or uniform expenses.

An indictment merely alleges that a crime has been committed, and a defendant is presumed innocent until proven guilty beyond a reasonable doubt. If convicted, Lovely faces a sentence of up to three years in jail and a maximum fine of $250,000 for each count of conviction.

Report IRS Tax Fraud by Calling 1-888-482-6825 or by visiting

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