BANK TALK
Exploring the Finances of the Unbanked

Mo’ Money in Mo’ Trouble

February 10th, 2012

Mo’ Money Taxes is closing its six Norfolk area locations shortly after police executed search warrants on its stores. In Chicago, more Mo’ Money stores are closed.

Reports say that some stores are not accepting tax refund checks made out by Mo’ Money. A Chicago television station reports that Southside consumers cannot get their checks cashed.

Two Congressman, representing districts in Virginia and Tennessee, say they will ask Attorney General Eric Holder to investigate.

A Mo’ Money store manager in Nashville, Tennessee says that the decision by police to remove all the computers from his Mo’ Money store was merely pre-emptive. “The police took the computers out,” said Gallatin Pike Mo’ Money manager Toney Fields in an interview with a local television station. “They’re not seized. They just took them out because they thought the customers were going to steal them.”

Not the First Time

The North Carolina Commissioner of Banks investigated Mo’ Money Taxes in April 2010. Ultimately, Mo’ Money chose to give up its license to prepare taxes in the state.  Testers had found that Mo’ Money was not providing the disclosures required by state law.

 


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February 10th, 2012 09:11:23
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stacey
February 23, 2012

PRESS INFORMATION CONTACT: Stacey
For Immediate Release Title: Marketing
Date 2/18/2012 Phone (815) 729-3900 ext 119
E-mail Stacey@libertytaxgroup.com

LIBERTY TAX SERVICE RESPONDS FOR YOU

(Chicagoland, Il) Liberty Tax Service is responding to the tragic events at Mo Money. Nothing is more private and personal than that of your financial information. The effects are felt deep and wide, and close to the heart of many members of our community.

We are offering to do FREE double checks of your situation. We will amend your 2011 Federal Tax Return if needed for FREE, as well as help you file your state taxes. Call (866) 871-1040 for more details.

“Liberty Tax has been in contact with some victims and want to be of more assistance,” said Stacey, Marketing of Liberty Tax Service.

“Generally, a refund can take up to three or four weeks, the waiting for the unknown is what we strive to avoid. Our goal here is simple, to comfort those effected, we have been in business for 15 years Our managers are CPA’s, Accountants, and Tax Professionals but mostly we are human. We feel that this injustice needs to be corrected.” Please feel free to contact us with any questions you may have.
About Liberty Tax Service
Liberty Tax Service is the fastest-growing retail tax preparation company in the industry’s history. Founded in 1997 by CEO John T. Hewitt, a pioneer in the tax industry, Liberty Tax Service has prepared over 9,000,000 individual income tax returns. With 42 years of tax industry experience, Hewitt stands as the most experienced CEO in the tax preparation business, having also founded Jackson Hewitt Tax Service

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