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Home»FLORIDA NEWS»South Florida woman sentenced in $20M false tax return scheme
FLORIDA NEWS

South Florida woman sentenced in $20M false tax return scheme

Niceville.comMarch 24, 2025Updated:March 24, 20252 Mins Read
Guard tower and barbed wire fence at a high-security prison.
A prison guard tower overlooks a barbed wire fence at a secure correctional facility. (File photo)

MIAMI, Fla. — A South Florida tax preparer has been sentenced to nearly five years in federal prison for submitting thousands of fraudulent tax returns and violating a federal court order, the U.S. Attorney’s Office for the Southern District of Florida announced Friday.

Beatriz Toledo, 61, owned Immigration and Tax Service Group LLC and is said to have prepared approximately 7,800 false tax returns between 2017 and 2021, resulting in more than $20 million in lost revenue to the IRS.

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According to the U.S. Attorney’s Office, Toledo’s fraudulent filings included fake residential energy credits, fabricated business expenses, and inflated itemized deductions. The scheme reportedly reduced clients’ taxable income and generated inflated refunds.

Ms Toledo’s company collected about $7.1 million in preparation fees directly from those refunds, prosecutors said.

In 2010, a federal judge entered a permanent injunction barring Toledo from preparing false tax returns after a civil case brought by the United States. That injunction—entered July 26, 2010—prohibited the exact conduct she later resumed, which led to her 2024 indictment.

She pled guilty in December 2024 to aiding and assisting in the preparation of false tax returns. In addition to her 57-month prison sentence, Ms Toledo was ordered to serve one year of supervised release and pay more than $20 million in restitution to the IRS.

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The IRS Criminal Investigation Miami Field Office investigated the case. Assistant U.S. Attorney Will J. Rosenzweig is prosecuting it.

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