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Tax preparer for Lemon Grove arrested in Arizona for submitting fraudulent federal income tax returns

31-years-old Cynthia Lozano, tax preparer from Lemon Grove, was arrested in Phoenix on Tax Day 15th of April, Monday. She is accused of filing false tax returns and using customer Social Security numbers to get $1 million in fraudulent refunds from the IRS. According to the authorities, Lozano used her tax business to submit fraudulent […]

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Taxing the Lottery: What’s in Store for Mega Millionaires

The Powerball jackpot prize recently soared to previously unrecorded heights and one Arizona resident has come to collect. To those optimistic enough to research the tax breakdown, you’re surely aware there’s a hefty toll to pay regarding a $587.5 million prize. As the prize is considered income, the federal and state government is entitled to […]

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