TBA Law Blog

Posted by: Brittany Sims on Dec 4, 2013

The Department of Justice on Tuesday filed a lawsuit in federal court against Stephanie Edmond of Tax Factory, a Memphis tax preparation business, WREG reports. The complaint alleges Edmond and workers at the Tax Factory submitted returns with bogus credits, phony businesses and fabricated expenses in order to get clients higher refunds or lower their taxable income. The complaint says that a federal agent identified more than 2,300 returns with potential problems, with an estimated tax loss of $9.7 million over the last three years. Edmond’s husband, Kevin Williams, has denied the allegations.