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UNIYuridia Trujillo accused of claiming crypto losses on assets clients never owned
US prosecutors say the Connecticut tax preparer filed false returns for thousands of clients, including fictitious crypto and stock losses, and diverted parts of their refunds.
Why it matters: The case shows US authorities pursuing alleged crypto tax fraud, while new broker reporting rules give the IRS more data on digital asset transactions.
Key points
- Yuridia Trujillo of Meriden, Connecticut, faces 19 counts of aiding and assisting in the preparation of false income tax returns.
- A federal grand jury indicted her on 7 Oct and she was arrested on 9 Oct; she is free on a $50,000 bond.
A Connecticut tax preparer has been accused of claiming crypto losses on assets her clients never owned, as part of a wider alleged scheme of fabricated deductions and diverted refunds. The IRS announced the case against Yuridia Trujillo of Meriden on 22 Oct, saying the false crypto losses appeared on returns she prepared through her business, Yuri's LLC.
Many allegedly contained false entries covering retirement contributions, dependent care, businesses and rental properties, alongside fictitious losses on stock and cryptocurrency trading. She is also accused of using Form 8888, which lets a taxpayer split a direct-deposit refund across up to three accounts, to send portions of refunds to accounts held by herself and an associate.
A federal grand jury returned the indictment on 7 Oct and she was arrested on 9 Oct. She is released on a $50,000 bond pending trial, and each count carries up to three years in prison on conviction.
The article notes that genuine investment losses can reduce taxable income: capital losses offset gains, with up to $3,000 deductible against other income, or $1,500 for married taxpayers filing separately.
What to watch: Trujillo awaits trial on the 19 counts after her release on a $50,000 bond.
Live updates on NewsFeeds:RegulationDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
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