Business ProfileforAdvanced Accounting Concepts, Inc.
Current Alerts For This Business
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
PLOVER TAX PREPARER PLEADS GUILTY TO FILING CLIENT TAX RETURNS WITH FALSELY INFLATED DEDUCTIONS
MADISON, WIS. - Timothy M. O’Shea, United States Attorney for the Western District of Wisconsin, announced that on Friday, April 22, James Canfield, 72, Plover, Wisconsin, pleaded guilty before Chief U.S. District Judge James D. Peterson to aiding in the preparation of false tax returns filed with the Internal Revenue Service. Canfield will be sentenced on September 14, 2022. He faces a maximum penalty of 3 years in federal prison and a $250,000 fine.
Canfield owned and operated Advanced Accounting Concepts, Inc., a business located in Plover. As part of his business, Canfield prepared tax returns for third parties in exchange for a fee. Between 2013 and 2018, on behalf of clients, Canfield prepared and electronically submitted tax returns to the IRS with exaggerated business expenses and unjustified deductions for the business use of clients’ homes. This false information fraudulently reduced the amount of taxes his clients owed. Despite being told by clients that they primarily used their homes as their personal residence, Canfield attributed 100% of their home for business, then took home expenses as deductible business expenses.
At-a-glance
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Overview
Business Details
This is a multi-location business.
- Location of This Business
- 1131 Lincoln St, Wisconsin Rapids, WI 54494-5230
- BBB File Opened:
- 12/26/2001
- Years in Business:
- 27
- Business Started:
- 1/1/1997
- Business Started Locally:
- 1/1/1997
- Business Incorporated:
- 5/24/2002
- Type of Entity:
- Corporation
- Alternate Business Name
- Business Sense
- ABC Leasing & Sales
- Business Management
- Mr. James Canfield, President
- Contact Information
Principal
- Mr. James Canfield, President
Customer Contact
- Mr. James Canfield, President
- Additional Contact Information
Phone Numbers
- (715) 423-7073Other Phone
- (715) 423-7071Other Phone
Email Addresses
- Primary
- (715) 423-7073
Customer Complaints
0 Customer Complaints
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