Former Tax Preparation Business Owner Convicted for Tax Fraud

The former owner of Speedy Tax Services LLC in Washington, D.C., and District Heights, Md., has been sentenced to 21 months in prison for various financial crimes. According to the Justice Department, Awett Tedla was found guilty of conspiring to file false tax returns, wire fraud, and tax evasion.

Tedla was accused of preparing and electronically filing false income tax returns for clients. These returns reportedly included fake businesses and claimed tax credits that were used to inflate tax refunds. This fraudulent activity resulted in a tax loss to the IRS totaling over $171,500.

Additionally, Tedla was found to have filed a tax return for her own business that underreported gross receipts. This led to further evasion of taxes and contributed to her criminal charges.

Overall, Tedla’s actions not only harmed the IRS but also her clients who unknowingly had false information included on their tax returns. As a result, she will be serving time in prison for her crimes.