A Texas jury has found TaxMasters and owner Patrick Cox liable for $195 million in damages. The jury decided that there was substantial evidence that TaxMasters defrauded thousands of customers for so-called tax relief services. Continue reading
Taxes
Taxation with Representation: Tackling Tax Debt Relief
With the economy in the doldrums and lingering rates of high unemployment, a large number of Americans find themselves in trouble with the IRS. If you are among those who are seeking tax debt relief, there are a number that you should consider when selecting a good professional to work with. Whether you intend to take the IRS to court over your tax dispute or are simply seeking reassurance and the sage advice of a reliable expert, you should take care to avoid the pitfalls and scams that all too often await honest people. Continue reading
Mo’ Money Overcharged Customers and Filed Inaccurate Tax Returns According to Illinois AG
Illinois Attorney General Lisa Madigan sued Mo’ Money for overcharging customers $800,000 at its East St. Louis and Chicago locations. Madigan claims that the company submitted false tax returns without its customers’ consent. Additionally, customers were hit with hidden fees for services. Continue reading
Avoiding Tax Relief Scams
If you owe back taxes but don’t know how you will pay the IRS, any company that “promises” to significantly reduce your tax bill may seem like the best option. However, don’t make this decision too fast. This may cause you to fall deeper in debt, rather than find your way out of it. Continue reading
Tax debt resolution services are frequently scams
Getting a tax debt resolution is similar to a regular debt settlement. If you are late in paying federal taxes, the IRS will act like a creditor, saying you may face consequences if you don’t pay up soon. The difference with taxes, however, is that the claim of potential consequences is true. Your assets may get frozen or seized, and you will be in an economic morass. In searching for a resolution, you may enlist in help from an attorney or a company that offers tax resolution services. As with any financial issue, you need to watch out for potential scams. Continue reading
Beware of Property Tax Consultant Scam
Can a property tax consultant reduce your tax bill? How do they work? What are their qualifications? The answers might surprise you. The property tax consultant scam is one of the fastest growing sectors of fraudulent activity. Duke University’s Don Wells claims 70% of consultants are charlatans. I suspect that the number is even higher in the property tax consulting business. Continue reading
JK Harris in Contempt of 2008 Settlement
JK Harris has again found itself on the wrong side of the law by promising benefits that it was unable to provide. Despite agreeing to a 2008 settlement in which JK Harris agreed to change its advertising, the firm has again been slapped with contempt allegations for signing up four West Virginia residents even though they did not qualify for the advertised “Offer in Compromise” program. Continue reading
OBAMA PAYS 28% INCOME TAX
YOU’D be hard-pressed to accuse our president of slacking off this tax season. The White House released Mr Obama’s returns on Monday, 18 April 2011; looking at the numbers, I think it’s clear he’s paid more than I ever have. Continue reading
Tax Lady Roni Deutch Charged with Contempt for Diverting Refunds
Roni Deutch, the self-proclaimed “Tax Lady” that claimed a 99% success rate, has been shut down. Still, she continues to resist authorities who are trying to recoup some money paid by her defrauded clients. Continue reading
JK Harris Overstated Benefits, Ordered to Pay Restitution in Texas
JK Harris failed to provide promised services. They overstated their ability to reduce taxpayers’ debts owed to the Internal Revenue Service. They accepted large prepaid fees from customers even though they knew or should have known that their tax liabilities would not be eligible for a reduction. Continue reading
powered by PFN Design Studios