Cincinnati (Dec. 17, 2002) -- A Norwood, Ohio, accountant who pled guilty to two federal tax fraud charges will spend more than three years in prison and pay a $25,000 fine.

Nancy Wallace, 55, pled guilty in U.S. District Court in Cincinnati to conspiracy to defraud the Internal Revenue Service and to helping to prepare false tax returns for a client, the Cincinnati Business Courier reported. Her crimes cost the IRS nearly $1 million in unpaid taxes. Wallace, who worked for nearly 20 years in the Norwood area for a number of companies she created, will go to prison for 41 months and pay a $25,000 fine. Her plea deal bars her from ever again working in accounting or tax preparation.

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