Tax Preparer Sued by Illinois Attorney General

March 29, 2012 

Illinois Attorney General Lisa Madigan recently filed suit against Tenn.-based Mo' Money Taxes in a bid to force the firm to stop doing business in the state and to pay $800,000 in restitution. The legal action was filed in response to a growing number of complaints by low-income taxpayers who never received refunds prepared by the company. Madigan said that approximately 2,400 people in the state never got their money after using the company. "Without customers' permission, this company filed annual tax returns riddled with errors and charged taxpayers exorbitant, undisclosed fees, but worst of all, it failed to provide consumers with their refund checks," she explained. Madigan said the delay in refunds has lead to financial hardship for some. The suit alleges that Mo' Money filed tax returns without consumers' authorization, which in some cases were full of errors. It also charged customers high fees to file state tax returns but never actually submitted the filings. Madigan is advising consumers who used the company to contact the Internal Revenue Service to ensure their filings were processed and accepted.
Web Link

Abstract News © Copyright 2008-2013 INFORMATION, INC.
Powered by Information, Inc.

Stay Updated

Join the fight against predatory lending. Enter your e-mail to sign up for breaking news, action alerts, and CRL's original research.

   Please leave this field empty

Help Us End Predatory Lending

Predatory lending destroys family wealth, and preys on our most vulnerable communities. You can help us end abusive lending practices by donating to CRL, or by sharing our work with others.