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Feds Accuse IRS Agent Of Tax Fraud

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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