Join 250,000+
professionals today
Add Insights to your inbox - get the latest
professional news for free.
Florida Man Admits to $4.2 Million False Tax Refund Scheme
Join our 250K+ subscribers
Join our 250K+ subscribers
Subscribe15 JUL 2026 / ACCOUNTING & TAXES
McDonald Preval, a Miami local, admitted to filing a false tax return connected to a scheme that sought over $4.2 million in fraudulent refunds. He created fictitious trusts and inflated their income and tax withheld to create a perception of significant overpayment to the IRS, the refunds of which were then requested, revealing the serious extent to which tax refund fraud can be manipulated and emphasizing the importance for tax professionals to confirm the economic substance behind a refund claim.
A tax refund can look legitimate on paper even when the money behind it never existed. That is the central issue in a federal case involving McDonald Preval, a Miami man who admitted filing a false tax return connected to a scheme that sought more than $4...
Until next time…
Don’t forget to share this story on LinkedIn, X and Facebook
Subscribe now for $199 and get unlimited access to MYCPE ONE, from CPE credits to insights Magazine
📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join
You’ve reached the 3 free-content piece limit. Unlock unlimited access to all News & CPE resources.
Subscribe Today.
Already have an account?
Sign In
