Business owner guilty in tax fraud case

UPSHUR COUNTY — A woman pleaded guilty on Wednesday in a tax fraud scheme tied to her two Longview businesses, resulting in a tax loss of nearly $250,000. According to the U.S. Attorney’s Office of the Eastern District of Texas and our news partner KETK, Marneitha Reese Scott, 57, of Gilmer, pleaded guilty to conspiracy to aid, assist, counsel or advise in tax fraud. Evidence showed that Scott operated two tax return preparer businesses in Longview under the name F.A.S.T. Financial Firm.

“Scott and others recruited tax preparers to work at the businesses to prepare and file income tax returns for clients,” the U.S. attorney’s office said. “With others, Scott created a scheme to defraud the United States by instructing the tax preparers to create fraudulent entries on client tax returns, including, for example, claims for business losses when the client had no business.”

The tax returns were reportedly filed by Scott or her employees working at her direction, resulting in a tax loss for tax years 2019-2022 of $243,899.

Scott could face up to five years in federal prison, a potential fine and restitution at sentencing.