(AP) - A federal judge has sentenced a Memphis tax preparer to five years and four months in prison for lying about first-time home buyer tax credits on clients' returns and defrauding the government of more than $3.4 million.
The U.S. attorney's office said Friday that James Burks ran a Memphis tax shop named "Money In Your Hand Tax Service."
Burks and other preparers falsely included first-time home buyer credits and other tax credits on more than 490 tax returns for 2008.
Burks received a cut of the false refunds by having the Internal Revenue Service electronically deposit part of the refunds into accounts that he controlled.
The IRS paid more than $3.4 million in refunds that were not owed and deposited more than $800,000 in illegal refunds into Burks' accounts.