Mo Money Preparers Plead Guilty – Is this a real company name?
Yes it is. Apparently there is a real company franchise called Mo Money Tax (apparently with about 300 stores and 18 states) and they were caught with tax return fraud. The owners of this particular franchise plead guilty to falisying paystub (W2) information in order to defraud the IRS. They each face a maximum sentence of five years in prison and a $250,000 fine on the conspiracy charge and three years in prison and a $250,000 fine on the charge of aiding and assisting in the preparation of false tax returns. Corey Taylor, 25, of Richmond, Va., pleaded guilty in October to the same charges for being involved in the scheme and is awaiting sentencing.
Terrible news for the industry in general, but it just goes to show you need to be careful whom you choose for your professional services. I wonder if the founder of the company was a big Notorious fan.
Link to full article via The Progressive Accountant below.