Liberty Tax penalized $1.16M in case over its advertising

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Subject Author Date Liberty Tax penalized $1.16M in case over its advertising Bill Brown 07-02-2009  Re: Liberty Tax penalized $1.16M in case over its ... Paul Thomas, CPA 07-02-2009  Re: Liberty Tax penalized $1.16M in case over its ... W. Raskolnikov 07-02-2009  Re: Liberty Tax penalized $1.16M in case over its ... Arthur Kamlet 07-02-2009
Posted by Bill Brown on July 2, 2009, 8:30 am Please log in for more thread options "A California court imposed $1.16 million of civil penalties on Liberty Tax Service, saying Liberty engaged in deceptive practices when promoting its refund anticipation loans to tax-return filers." [Source: http://hamptonroads.com/2009/07/liberty-tax-penalized-116m-case-over-its-advertising] The article also includes, "California Attorney General Edmund G. Brown Jr., who filed the suit against Liberty, reached a similar settlement with H&R Block. Block, the nation's largest preparer of tax returns, agreed in January to pay as much as $2.45 million in restitution to customers who used its refund anticipation loans. It also agreed to pay $500,000 in penalties and $1.9 million in fees and costs. "As part of a $5 million settlement in 2007, Jackson Hewitt Tax Service agreed to refund $4 million to customers who used its refund anticipation loans. In their settlements, Block and Jackson Hewitt denied allegations of any wrongdoing." -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Paul Thomas, CPA on July 2, 2009, 11:29 am Please log in for more thread options > "A California court imposed $1.16 million of civil penalties on > Liberty Tax Service, saying Liberty engaged in deceptive practices > when promoting its refund anticipation loans to tax-return filers." > [Source: > http://hamptonroads.com/2009/07/liberty-tax-penalized-116m-case-over-its-advertising] > > The article also includes, "California Attorney General Edmund G. > Brown Jr., who filed the suit against Liberty, reached a similar > settlement with H&R Block. Block, the nation's largest preparer of tax > returns, agreed in January to pay as much as $2.45 million in > restitution to customers who used its refund anticipation loans. It > also agreed to pay $500,000 in penalties and $1.9 million in fees and > costs. > > "As part of a $5 million settlement in 2007, Jackson Hewitt Tax > Service agreed to refund $4 million to customers who used its refund > anticipation loans. In their settlements, Block and Jackson Hewitt > denied allegations of any wrongdoing." Man. If I didn't do it, I'd find it hard to fork over millions of dollars. -- Paul Thomas, CPA www.paulthomascpa.com -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by W. Raskolnikov on July 2, 2009, 2:57 pm Please log in for more thread options > >> "A California court imposed $1.16 million of civil penalties on >> Liberty Tax Service, saying Liberty engaged in deceptive practices >> when promoting its refund anticipation loans to tax-return filers." >> [Source: The article also includes, "California Attorney General Edmund >> G. >> Brown Jr., who filed the suit against Liberty, reached a similar >> settlement with H&R Block. Block, the nation's largest preparer of tax >> returns, agreed in January to pay as much as $2.45 million in >> restitution to customers who used its refund anticipation loans. It >> also agreed to pay $500,000 in penalties and $1.9 million in fees and >> costs. >> >> "As part of a $5 million settlement in 2007, Jackson Hewitt Tax >> Service agreed to refund $4 million to customers who used its refund >> anticipation loans. In their settlements, Block and Jackson Hewitt >> denied allegations of any wrongdoing." > > > Man. If I didn't do it, I'd find it hard to fork over millions of > dollars. I would find it hard to fork over millions even if I had done it. Those RALs should be illegal in the first place. It suckers in people who only think of the refund they are getting regardless of the haircut the RAL purveyors are trimming from the refund. It also promotes EIC fraud. > >> -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Arthur Kamlet on July 2, 2009, 3:10 pm Please log in for more thread options > >RALs should be illegal in the first place. It suckers in people who only >think of the refund they are getting regardless of the haircut the RAL >purveyors are trimming from the refund. It also promotes EIC fraud. A good place to start would be to remove the Debt Indicator field from the IRS Ack mssage. -- ArtKamlet at a o l dot c o m Columbus OH K2PZH -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted DC D-20 loses advertising expense? 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