San Antonio man under house arrest for running bogus tax preparation business

Photo by Taylor Pettaway

A San Antonio man was sentenced Wednesday to five years in house arrest for preparing false tax returns and running an unregistered business for three years.

Richard Medina Sr., 68, ran an unregistered tax preparation business from 2013 to 2016 in which he prepared false federal tax returns for clients.

Medina claimed fake credits, individual retirement accounts and itemized deductions for his clients. And he fraudulently maximized tax credits to generate improper tax refunds, resulting in a loss of more than $273,000, according to the Justice Department.

In addition to committing tax evasion, Medina lied under oath about the earnings of his tax preparation business when he filed for bankruptcy in 2013.

In June 2020, Medina pleaded guilty to one count of aiding and abetting the preparation of a false tax return and one count of misrepresenting bankruptcy.

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