SANTA ANA -- An Internal Revenue Service agent in Southern California has admitted to cheating on his own taxes and bilking the government out of nearly $15,000, authorities said.
Jim H. Liu, of Diamond Bar, pleaded guilty Monday to one count of subscribing to a false tax return as part of a plea deal.
Pomona when in fact he made a profit of $48,000.
A federal indictment filed in November stated that Liu allegedly provided false documents and made false statements to the IRS in an effort to obstruct an audit of his tax return.
Liu faces a penalty of up to three years in federal prison.
He also promised to file an amended return for 2002 and has agreed to pay $36,000 in unpaid taxes, penalties and restitution, according to the plea agreement.
Liu was employed as a revenue agent and conducted audits on taxpayers. It was not immediately known if he was still working for the IRS.