PROVIDENCE – The owner of a local tax-preparation firm has been sentenced to 27 months in federal prison for under-reporting more than $1 million in income and failing to pay nearly $400,000 in federal taxes, The Associated Press reported last week.
Refunds Now Inc. owner Michael Brier, 50, was also ordered to serve three years of supervised release following his release from prison. The U.S. attorney’s office announced the sentencing.
According to the AP, authorities say Brier and his employees fabricated tax deductions and credits on at least 300 tax returns.
Brier pleaded guilty to the charges in February. Additionally, he admitted under-reporting more than $1.1 million in his taxable income between 2004 and 2009.
His sentence will start next month. •