The Tax Factory in Memphis, TN, has been the subject of a civil lawsuit filed by the Department of Justice to halt Stephanie Edmond and her businesses from preparing federal income tax returns. The complaint alleges that Edmond understates tax liabilities for customers by creating fake businesses and fabricating expenses, resulting in significant lost revenue for the Treasury.
With over 9,000 tax returns prepared since 2011, The Tax Factory has been accused of improperly claiming the earned income tax credit and engaging in fraudulent practices that have cost the government millions of dollars. The Department of Justice has taken legal action against numerous tax preparers in the past decade to combat such fraudulent activities.
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