Memphis, TN (abc24.com) - There are more delays for Mo' Money Taxes customers, after one of the companies hired to process tax refunds for the tax service quit.
Advent, a Kansas City-based company, confirms to abc24.com it is no longer processing returns for Mo' Money and has returned all tax returns affiliated with Mo' Money to the Internal Revenue Service.
Cheryl Holley is just glad to know where her money is located. Earlier this week, Holley was confused to learn her tax return was sitting in a bank in Kansas City. Holley says she's never been to Kansas City, and had no idea why her money would be there.
After talking with Advent on Thursday, Holley said she's fine waiting for the IRS to sort everything out.
"I feel really glad and relieved, a lot of pressure has been lifted off of me mentally and physically. It really has," Holley said.
In a statement emailed to abc24.com on Thursday night, Mo' Money said it hoped to salvage its business relationship with Advent.
"Mo' Money Taxes understands Advent Banks recent position on all of the confusion surrounding this tax season," wrote Markey Granberry, Mo' Money's Co-founder. "While we understand their position, and decisions, we harbor no negative feelings towards any decisions from Advent. We do hope that once all is settled, we will be able to meet and salvage a previously positive relationship." he said.
There were other developments on the Mo' Money front on Thursday as well.
Congressman Steve Cohen confirmed he met with Department of Justice officials looking into the Mo' Money tax mess.
"There is no room in Memphis or anywhere else in our country for tax scams that prey on the poor and middle class," said Congressman Cohen. "The U.S. Department of Justice has assured us that they take the complaints circulating throughout Memphis about possible scams and delayed tax refund returns seriously and have shared the information we provided with the relevant government agencies."
"While the investigation will take some time, I have the utmost faith in the Department of Justice, the IRS, and the other federal agencies," the Congressman said.
"In the meantime, I urge citizens to visit the IRS' website at www.irs.gov to learn about the IRS Free File service or to get a list of IRS-approved Free File companies. These are tough economic times and citizens should be diligent about how they file their tax returns and who they trust to help them."
