Feb 21, 2023
According to court documents, Kirkland falsely claimed in tax filings that he had lost more than $135 million by investing in solar equipment using several business entities, including Arizona-based Clean Energy Systems LLC, Solar Farm LLC and Corona Energy LLC. He ‘sold’ those losses through a network of tax preparers, saying that their clients could use the losses to claim tax refunds. Kirkland collected $45 million from the sale of the fake losses.
Kirkland provided fraudulent documents to participating taxpayers stating that they were partners in Kirkland’s business and therefore entitled to the tax benefits of the business’s losses. Under Kirkland’s program, the taxpayers would amend their returns for prior years to claim they were entitled to a refund for those years because the losses from Kirkland’s companies offset their income and reduced their tax obligations, using either claimed net operating losses or federal solar tax credits.
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