US tax man allegedly gave a false valuation on a property sale to lower his tax bill
Accountancy Age, 21 Nov 2008
A US tax official has been arrested at Los Angeles International Airport for tax fraud and obstructing an investigation into a tax return.
Jim Liu claimed on his tax return that he had suffered a loss on the sale of property when he had actually made a profit, reports WebCPA.
The indictment alleges that he provided false documents and statements during an IRS audit of his return.
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