Longview woman pleads guilty to federal tax violations

Longview woman pleads guilty to federal tax violations

POSTED: Wednesday, May 15, 2013 - 10:48am

UPDATED: Wednesday, May 15, 2013 - 3:24pm

A 38-year-old Longview woman has pleaded guilty to federal tax violations in the Eastern District of Texas, announced U.S. Attorney John M. Bales today.

Racyna Antoinette Henry pleaded guilty to an information charging her with aiding and assisting in the preparation of fraudulent tax returns on May 14, 2013, before U.S. Magistrate Judge Judith A. Guthrie.

According to information presented in court, in 2006, Henry began working out of her home as a tax return preparer with a company known as Preyear’s Tax and Check Cashing Services, LLC, which is based in Alabama. Around October 2007, Henry also managed and operated a company known as Henry’s Tax Service LLC out of her home. At some point in 2006, Henry admits that she began assisting in the preparation of false federal income tax returns. The false items contained false dependents, false child tax credits, false child and dependent care expenses, false losses on farming activities, and false earned income tax credits.

The estimated tax loss related to the false federal income tax returns prepared with assistance from Henry from 2006 to 2010 is between $200,000 and $400,000. Henry faces up to 3 years in federal prison at sentencing and restitution for her crime. A sentencing date has not been set.

This case is being investigated by the IRS and is being prosecuted by Assistant U.S. Attorney Alan R. Jackson.

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In a nation that creates it's wealth from thin air and where debt has no real value or meaning then, why do we pay taxes at all, can't Ben Bernanke just print our tax liability just as he does the 85 billion/ month QE3 and call that stimulus ?

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