OAKLAND -- A Hayward man who worked as a tax preparer for two decades was sentenced Thursday ¿to two years in prison for preparing and filing false tax returns for several years, according to the office of U.S. Attorney Melinda Haag.
Naushad Buksh, 57, was arrested in May 2012 and charged by a federal grand jury with 45 counts of aiding and assisting the preparation of false tax returns and filing a false federal income tax return.
Between 2007 and 2010, he ran a tax return preparation business in Hayward, and was responsible for all income and expenses of the business. His taxable income earned was between about $116,000 and $210,000 for those years, Haag said in a statement.
Buksh intentionally omitted this income from his tax returns, which resulted in a tax loss of $160, 528, federal officials said.
Buksh admitted in his plea that, in addition to filing false returns for himself, he also prepared tax returns on behalf of his clients. He created false deductions and credits for home mortgage interest and points, non-reimbursed employee expenses, inflated education credits, student loan interest and/or tuition fee deductions, false personal property tax deductions, and false or inflated tax preparation fees.
By adding these false claims to his clients' tax returns he caused a tax loss to the government of roughly $109,000. Buksh pleaded guilty in January.