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Mo' Money Taxes, along with partner subsidiaries and their owners, face a lawsuit from the Illinois Attorney General which could lead to their corporate extinction, owing to alleged practices at the company which were unfair and deceptive.
Lisa Madigan, the AG of Illinois, contends that Mo' Money Taxes ("MMT") and its related entities (Money
River City Bank (Louisville, Kentucky) will offer a new bank product to tax preparers for the upcoming tax season.
The new product, known as the Fee Forward, can advance the preparer fifty percent of the outstanding preparation fees charged to a filer.
Fee Forward is free to qualified preparers when used in conjunction with processing services. This year, River City will