WASHINGTON, DC - The U.S. Justice Department is moving to close a Mo’ Money Taxes tax preparation office in Nashville, saying the office may have cost taxpayers more than $5 million.
The civil lawsuit contends Toney Fields and Trumekia Shaw intentionally prepared and filed fraudulent federal income tax returns in order to get improper tax refunds for their customers.
Among the claims: the two used end-of-year pay stubs to prepare tax returns rather than W-2 forms; they made improper dependent exemptions in order to claim inflated earned-income credits or child tax credits; they allegedly made false filing statuses and bogus claims for charitable contributions.
The government says the fraud on more than 1,100 tax returns last year may have reached more than $5 million.
Earlier this year, many Mo' Money customers in Norfolk complained they either got refunds late or not at all and some said the refunds weren't as big as they were told it would be.
Rep. Bobby Scott (D-3rd District), said in a e-mail late Wednesday, "I am pleased that the Justice Department's investigation of Mo' Money Taxes is continuing and progress is obviously being made to ensure that consumers are protected from fraudulent tax preparers."