A Texas jury has found TaxMasters and owner Patrick Cox liable for $195 million in damages. The jury decided that there was substantial evidence that TaxMasters defrauded thousands of customers for so-called tax relief services. Continue reading
Scams
Are you familiar with The Nigerian Advance Fee Scam?
The Nigerian Advance Fee Scam is one of the most common scams on the Internet right now and one that continues to draw in victims. The majority of the messages originally were said to be coming from people in Africa, specifically Nigeria, but now the emails seem to be coming from all over the world. There are a whole variety of these scams but in simple terms, someone basically tells you that an expensive prize or a lot of money can be made available to you. Continue reading
Avoiding Tax Relief Scams
If you owe back taxes but don’t know how you will pay the IRS, any company that “promises” to significantly reduce your tax bill may seem like the best option. However, don’t make this decision too fast. This may cause you to fall deeper in debt, rather than find your way out of it. Continue reading
Tax debt resolution services are frequently scams
Getting a tax debt resolution is similar to a regular debt settlement. If you are late in paying federal taxes, the IRS will act like a creditor, saying you may face consequences if you don’t pay up soon. The difference with taxes, however, is that the claim of potential consequences is true. Your assets may get frozen or seized, and you will be in an economic morass. In searching for a resolution, you may enlist in help from an attorney or a company that offers tax resolution services. As with any financial issue, you need to watch out for potential scams. Continue reading
Blue Hippo Collection Accounts May be Uncollectible
Do you owe money to Blue Hippo for computers that you may or may not have received? There is a good chance that you may not have to pay anything on those debts. Continue reading
TRW Ventures Illegally Charged Advance Fees in Credit Repair Scam
Arkansas Attorney General Dustin McDaniel filed suit against several companies owned by president Thomas Randall Wells. The charges include allegations that the companies regularly promised customers that all of their negative information could be removed through their credit repair service. Customers were also charged advance fees of $700-800. Continue reading
Tax Lady Roni Deutch Charged with Contempt for Diverting Refunds
Roni Deutch, the self-proclaimed “Tax Lady” that claimed a 99% success rate, has been shut down. Still, she continues to resist authorities who are trying to recoup some money paid by her defrauded clients. Continue reading
FTC: American Tax Relief Ripped off 20,000 Clients
American Tax Relief claimed to be able to reduce the income tax bills of their clients. Their television commercials were compelling. To further attract clients, they mailed postcards to solicit the business of those hit with federal tax liens. Continue reading
Solvency Shark Angry: 240-374-5400
If 240-374-5400 calls, let it go to voice mail. Then delete it without a second thought. MY STORY: I was contacted by this number about three weeks ago and the person on the other end of the line left a message best described as hurried, garbled, and puzzling: Continue reading
Roni Deutch Scam One of Many
While Roni Deutch sales reps boast of a 99% success rate, barely 10% of their clients are actually granted a reduction in their tax bills. Based on these figures, it is expected that the total fees paid by clients greatly exceeds the total reductions in income taxes approved. California’s Attorney General labeled what has been called by many the Roni Deutch scam as a “heartless scheme” that swindled money from those with tax problems. Tax Lady Roni Deutch has aired hundreds of television commercials claiming that she has decades of experience in negotiating reductions in income tax bills. Continue reading
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