Fri, May 22, 2026 at 6:50 PM UTC
Sacramento tax prepper sentenced after defrauding IRS $270,000
(FOX40.COM) — A Sacramento man was sentenced Thursday to 12 months and one day in prison for falsifying tax returns for more than 20 clients, resulting in the IRS losing $270,592.
Toyed Xiong, 40, was convicted of one count of aiding or assisting in the preparation or presentation of a false or fraudulent tax return, according to a press release from the U.S. Attorney’s Office for the Eastern District of California.
From 2018 through 2021, Xiong falsified records to increase his clients’ tax refunds and reduce their tax liabilities. He reported false businesses, false income, false expenses and false deductions for his clients, officials said.
For example Xiong falsely reported one client incurred $10,017 in business losses when the client did not operate any business.
Along with the prison sentenced, Xiong was also ordered to pay restitution to the IRS, officials said.
Copyright 2026 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
For the latest news, weather, sports, and streaming video, head to FOX40 News.