MEMPHIS, TN (abc24.com) - The heat is on for Mo' Money Tax Service, after federal agents spent the day at the tax preparers' Whitehaven headquarters.
"We invited them to start investigation so all our customers can get refunds," Markey Granberry, Mo' Money's co-founder said via text.
In a later e-mail, Granberry said the company is cooperating with Internal Revenue Service agents.
The IRS declined to release details of the search, or why they were at Mo' Money's main office.
"I am unable to tell you much information right now other then to say we are here on official business," said George Villhaud, a special agent with the IRS.
Meanwhile, more than 1,400 customers are still waiting for their tax returns. Eric Miller, who runs up2U LLC, a company that was hired to process Mo' Money's returns, says his company is working with the IRS to sort out the remaining returns, many of which contained errors when they were sent to up2U.
An IRS spokesman said it could be a while before details from Wednesday's search are made public.
Mo' Money could be the subject of Congressional hearings by as early as this summer.