Bronx Tax Prepared Called ‘The Magician’ Arrested In $100M Tax Fraud

The number of households owing no taxes came in at 106.8 million, up from 75.9 million in 2019, a study released Wednesday shows. (Photo by Joe Raedle/Getty Images/TNS)

Federal authorities have arrested Rafael Álvarez, known as “the magician,” in the tax filing world. The founder of the ATAX firm with a presence throughout New York, Álvarez has been accused of conspiring to defraud the United States government of more than $100 million.

According to the U.S. Attorney’s Office for the Southern District of New York, Alvarez, 60, devised a large-scale scheme to file tens of thousands of individual tax returns with false information, with the goal of reducing his clients’ tax burden and generating millionaire profits for your company.