Date: January 7, 2021 Contact: email@example.com Lafayette, LA — Henry J. Timothy, of Westwego, pleaded guilty in United States District Court to four counts of tax fraud. Timothy is the owner and sole tax preparer for B&B Accounting Services, located in Westwego, Louisiana. He operates his business out of his home and has been a tax preparer since 2012. According to information presented to the court at the guilty plea hearing, Timothy admitted to preparing and electronically submitting false and fraudulent U.S. Individual Tax Returns on behalf of himself and his wife for the tax years of 2013, 2014, 2015 and 2016. Timothy purposefully omitted approximately $83,304 in gross receipts for year 2013; $80,932 in gross receipts for year 2014; $73,391.79 in gross receipts for year 2015; and $82,592 in gross receipts for year 2016 from Schedule C of his 1040 U.S. Individual Tax Returns where the gross receipts are listed. The omission of this income resulted in an additional tax liability of $88,593. As a tax preparer, Timothy was well aware that he had to list all of his gross receipts but failed to do so in order to reduce his tax liability. Timothy faces a maximum penalty of up to 3 years in prison, a $100,000 fine, or both, at sentencing. The sentencing hearing has been set for April 15, 2021 at 2. The Internal Revenue Service and FBI conducted the investigation and Assistant United States Attorneys Kelly P. Uebinger and David J. Ayo are prosecuting the case.