House Judiciary Committee hears complaints about Mo' Money
Congressman Steve Cohen
MEMPHIS, TN -
(WMC-TV) - Mo' Money Taxes was a no show Thursday for a congressional tax fraud hearing.
The United States House Judiciary Committee's subcommittee on crime, terrorism, and homeland security heard from people who had a problem with Memphis based Mo' Money Taxes.
"I learned about Mo' Money taxes through my family members. My daughter, my brother, his wife, they all filed through them," said Michael Robinson.
Michael Robinson said he met with Mo' Money Taxes to get an estimate on what his tax refund would be. After seeing the estimate, he later filed with another tax preparer but there was a problem.
"When I got off work she explained to me I had been filed and I said I haven't been filed. She said you have already been filed through Mo' Money Taxes," Robinson explained.
It was Robinson's testimony in front of the judiciary subcommittee that began an in-depth conversation about identity theft and income tax preparation fraud.
"This is very important because this is a rip off who are the most vulnerable, who need this refund, and are being taken advantage of and a rip off of the government," said Rep. Steve Cohen.
According to other tax experts, the issue of tax preparation fraud is growing.
"The Mo' Money Tax scheme is the tip of the iceberg. it's one that came out there are so many unscrupulous preparers," said Rep. Sanford Zinman.
Congressman Steve Cohen from Memphis reminded everyone on the panel that there is free tax preparation for those who qualify.
"The VITA program, low and middle income tax preparers can get their tax done for free without paying Mo' Money Taxes," said Rep. Cohen.
No action was taken at the meeting. Business leaders with Mo' Money taxes were scheduled to testify at the subcommittee hearing but did not show up to defend themselves. Their case remains under investigation.
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