Illinois’ attorney general has filed suit against a company she claims took hundreds of thousands of dollars from those seeking quick tax refunds. Attorney General Lisa Madigan alleges Mo’ Money, a tax preparation provider operating in Chicago and the Metro East area, charged large fees with the promise of fast money. But Madigan says the company allegedly filed returns riddled with errors, and sometimes filed returns without consent and keep the refunds.
“We are seeking approximately $800,000 to really reimburse people for the undisclosed fees they had to pay,” she says. “Should we be successful and get that money, we will also from the company be able to get a list of individuals whose taxes they’ve prepared, and that money will go to them.”
Click for Summary
Madigan says so-called “refund anticipation” products are bad no matter where they’re offered, including at “reputable” tax preparers. She suggests simply filing online for quick refunds.
Madigan encourages those who have filed returns with Mo’ Money to contact her office. More information is available at www.illinoisattorneygeneral.gov or www.irs.gov.