Indicted tax preparer’s clients held liable
WARWICK (AP) — Rhode Island residents are being ordered to pay up or dispute discrepancies in their tax returns after their tax preparer was indicted for fraud.
WJAR-TV reported that multiple clients of Warwick-based Stratus Financial received letters that they owe the IRS back taxes.
Court records show the owner of Stratus Financial, Raymond Petrarca, was indicted Tuesday on 44 counts of aiding and assisting in the preparation of false tax returns.
The 63-year-old Petrarca had several clients in the state police, local fire departments and the state prisons department. IRS spokeswoman Amy Hosney says all of his clients should review their tax returns to make sure they are accurate.
Hosney says his clients will be audited on a case-by-case basis.