The IRS suspended for 12 months from practice, a CPA, for providing false or misleading information. The CPA, advised his clients to transfer funds from their business accounts to two corporations.The corporations then rebated the funds to his clients.
Robert A. Loeser, a Certified Public Accountant from Houston, Texas,helped his clients to lower their tax bills by claiming false business expenses on tax returns he prepared.
Moral of the story is that, if the pillars of the institution are sold for financial greed, will the society not stagnate. The solace is that there are checks in place to red flag and stop the unscrupulous. Professionals need to work diligently for the institution and their clients,to justify the trust and faith reposed in them.
The Office of Professional Responsibility (OPR) establishes and enforces guidelines for competence, integrity and conduct for tax professionals, enrolled agents, attorneys, CPAs, and other individuals and groups.
The settlement agreement included a disclosure authorization that allowed the OPR to issue this release.
Contact for OPR : e-mail opr@irs.gov. Please do not send any confidential information via this email. Inquiries containing sensitive information should be faxed to our office at (202)-622-2207.
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