College Professor Fails as CPA

Ahmed Abdelhalim, a professor of accounting and income tax at LaGuardia Community College, was sentenced to prison for tax fraud.

In addition to his teaching position, Abdelhalim owned Master Tax Consultants, a tax preparation business. From 2012 to 2016 he prepared and submitted numerous fraudulent tax returns on behalf of his clients. He reported inflated and fictitious deductions, such as charitable gifts, and unreimbursed expenses not actually incurred by his clients. He also submitted phony Schedule C’s that reported losses for businesses his clients weren’t involved with.

He was sentenced to 14 months in prison and ordered to pay $166,906 in restitution.