Pictured from left to right: PKS Managing Partner, John M. Stern, Jr., CPA/PFS, Maryland Comptroller Peter Franchot and PKS Partner, Daniel M. O’Connell, CPA/PFS, CVA
Maryland Comptroller Peter Franchot visited PKS & Company’s Salisbury office on Monday, February 29th to ask for the firm’s support in addressing the problem of tax fraud which has reached “epidemic proportions.” Franchot reported that in 2007, his first year as Maryland Comptroller, his office processed 314 fraudulent returns worth $667K. Last year his office processed 19,156 fraudulent returns worth $36M. His office is seeking more power from the Legislature to catch and convict those who commit tax fraud. The act would give oversight of tax fraud laws to the existing list of enforcement responsibilities for his agency and add a fraudulent preparer penalty.
PKS & Company, P.A. support the Comptroller’s Taxpayer Protection Act (House Bill 162) as we would like to see greater accountability put on the predatory preparers of fraudulent returns.
If you would like to write a letter of support for this bill contact:
The Honorable Joseph F. Vallario, Jr., Chair
Judiciary Committee
Room 100
House Office Building
Annapolis, MD 21401
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PKS & Company, P. A. is a full service accounting firm with offices in Salisbury, Ocean City and Lewes that provides traditional accounting services as well as specialized services in the areas of retirement plan audits and administration, medical practice consulting, estate and trust services, fraud and forensic services and payroll services and offers financial planning and investments through PKS Investment Advisors, LLC.
