4th Largest Tax Prep Chain in US Shut Down by Federal Gov.
Instant Tax Service has had their doors closed by US district court Judge Timothy Black. Instant Tax was said to have been promoting a “culture of fraud and deception” within its franchisee base. Along with promoting unrealistic and undeliverable refund options to clients, Instant Tax was also sited for filing returns based off of pay stubs, inventing income to increase refund amounts, filing returns without client consent, and charging rates up to $1,000 per individual client, suggesting clients stretch reality when claiming refundable credits. Read more here: Forbes: Instant Tax Service
Posted: November 12, 2013