Feds seek to shut down Mo Money Taxes - FOX13 News, WHBQ FOX 13

Feds seek to shut down Mo Money Taxes

Posted: Updated:
MEMPHIS, Tenn. (AP) -

Federal prosecutors are seeking to shut down Memphis-based company Mo Money Taxes based on claims it prepared false tax returns in at least three states.

The Justice Department said Wednesday it is suing Mo Money Taxes.

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A complaint filed in the Western District of Tennessee accuses the company, owned by Markey Granberry and Derrick Robinson, of filing false returns that incorrectly reported their customers' federal tax liabilities, which caused them to underpay their taxes.

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The lawsuit alleges that the returns made false claims for education credits and the Earned Income Tax Credit in Virginia, Mississippi and Tennessee.

The lawsuit also says the company charged deceptively high fees.

The phone number listed on the company's website was disconnected, and an email to the company was returned as undeliverable Wednesday.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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