LOS ANGELES (CN) - Federal prosecutors say an IRS agent committed tax fraud. Jim Liu, an IRS auditor, also is charged with obstructing an IRS investigation of his tax return.
Prosecutors say Liu claimed a tax loss on a real estate sale on which he actually made money. Liu allegedly gave the IRS doctored documents to show that he bought a property for $46,000 more than the real sale price, according to the indictment.
"The taxpaying public expects IRS employees to file and pay their taxes like anyone else," said Julie Parodi, a tax administration special agent.
If convicted, Liu could face 13 years in prison.
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