Waupun Woman Enters Plea To Federal Tax Fraud Charges

(Waupun) A Waupun woman has pled guilty to federal tax fraud charges. Kimberly Bagneski prepared and filed false tax returns to the IRS with fictitious claims for refunds. According to the indictment, Bagneski electronically filed at least 20 false federal income tax returns seeking more than $90-thousand dollars in refunds. On the returns, the 48-year-old claimed false deductions, tax credits and business income/losses. In addition, virtually all of the fraudulent tax refunds were diverted to bank accounts under her control. Bagneski faces up to five years in prison and fines of up to $250,000 when she is sentenced in June.