SIOUX CITY | A former Storm Lake, Iowa, tax preparer who pleaded guilty to filing fraudulent income tax returns has been ordered to repay more than $61,000 to the Internal Revenue Service.
Toui Lo, 56, was put on four years probation Tuesday. In addition to $61,137 in restitution to the IRS, she also must pay a $3,000 fine and $100 special assessment. She pleaded guilty in April in U.S. District Court in Sioux City to one count of aiding and assisting the preparation and filing of a false and fraudulent tax return.
According to the U.S. Attorney's Office, Lo, who operated a tax return preparation business, admitted to preparing and filing several false income tax returns from 2009 to 2013 in which she entered fraudulent information to increase her clients' income tax refunds.