[UPDATE] Tallahassee Tax Preparer Headed to Prison

By: La'Tasha Givens; Julie Montanaro Email
By: La'Tasha Givens; Julie Montanaro Email

UPDATED 9.20.2011 by Julie Montanaro

Federal court records show that Georgia Cloud was sentenced to 27 months in prison, followed by one year of supervised release.

The judge also ordered her to pay more than $72,000 in restitution.

Cloud plead guilty to two of the counts against her and prosecutors dismissed the rest.

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[UPDATE] 8-10 11pm

Eyewitness News has learned that Georgia Cloud's sentencing has been rescheduled to September 12 @ 2pm.

Georgia Ann Cloud, owner of Cloud's Tax Service, was arrested in November. A federal indictment alleged she falsified tax returns for herself and 17 clients.

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UPDATED 6.17.2011 by Julie Montanaro

A Tallahassee business owner is looking at up to six years in prison for tax fraud.

Georgia Ann Cloud, owner of Cloud's Tax Service, was arrested in November.

A federal indictment alleged she falsified tax returns for herself and 17 clients.

Court records show Cloud has made a plea deal with federal prosecutors.

Court records show she plead guilty to two of the charges on May 17th.

Cloud could face up to six years in prison and up to $200,000 in fines when she is sentenced September 19th.

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Updated by: La'Tasha Givens 11/4

The indictment of a Tallahassee business owner has folks in the area asking a lot of questions.

We talked to people who say they know Cloud. Many did not want to comment on camera, but one area business owner told us, quote "They are good people. I believe they just got caught up."

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A Tallahassee business owner is indicted on 18 counts of filing false tax returns.

A federal grand jury indicted Georgia Ann Cloud, owner of Cloud's Tax Service and Business Center, for falsifying tax records. The grand jury believes this was done in order to receive money from the 2008 First Time Home Buyer Tax Credit program for herself and 17 clients.

New homeowners who qualified for the credit would eligible to receive $7,500.

Court documents don't clarify if Cloud and her clients received the money from the government or if the fraud was caught during the paperwork process. Those documents also show Cloud filed for bogus educational credits for some of her clients.

Officials have not stated if Cloud's clients were notified of this indictment. Cloud has not been arrested for this yet.

Cloud's Tax Service and Business Center is located on Ridge Road. The business number has been disconnected. Cloud could not be reached for comment.


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