March 31, 2009

IRS agent pleads guilty to tax charge

An Internal Revenue Service official has pleaded guilty to filing a false tax return, U.S. officials said Tuesday.

Jim Liu of Diamond Bar, Calif., has pleaded guilty to filing a tax return in 2002 that claimed he suffered a loss on a real estate transaction when in fact he made a profit, a government statement said.

He faces up to three years in federal prison.

Liu is an IRS revenue agent and conducts audits of taxpayers.

The statement said Liu sold property in Pomona, Calif., for a profit of more than $48,000, but claimed he had suffered a loss of more than $4,200. The misstatement cost the federal government of $14,642.88.