A Kansas man has pleaded guilty to preparing and filing fraudulent income tax returns, resulting in over $1.5 million in losses to the IRS. Hophine Bwosinde, who operated a tax preparation service, engaged in these unlawful activities from 2018 to 2022.
Court documents reveal that Bwosinde inflated legitimate business expenses and reported fictitious business losses on his clients’ tax returns. He also misrepresented negative income, significantly underreporting their actual earnings to the IRS. These fraudulent practices not only misleadingly reduced the taxes owed by clients but often produced unwarranted refunds.
The total impact of Bwosinde’s fraudulent actions has exceeded $1.5 million in losses to the IRS.
A sentencing hearing is set for February 18, 2025, where he could face up to three years in prison. Additionally, he may face supervised release, restitution, and financial penalties, with the final sentence determined by a federal district court judge based on the U.S. Sentencing Guidelines.
This case highlights significant tax fraud issues and underscores the importance of accurate tax reporting and compliance.
