New York City Lawmakers Crack Down on Tax Fraud
With the April 18th tax deadline fast approaching, New York City is cracking down on fraudulent tax centers across the five boroughs.
New York City’s Department of Consumer Affairs has announced the results of an investigation on tax centers around the Big Apple.
Out of 1200 sites, they found 1 in 3 centers violated federal tax regulations. The charges ranged from not having an accountant or lawyer on site, to failing to disclose the strict terms of rapid refund loans. As a result, Mayor Bloomberg is urging New Yorkers need to be extra cautious when it comes to their money,
"Tax preparation is complex. Whether you have a little money or a lot of money. And there's nothing wrong with demanding answers, asking questions, and saying 'no' until I understand it," explained the Mayor.
The city urges New Yorkers who make $57,000 or less to go to city-sponsored tax sites, including VITA (Volunteer Income Tax Assistance) for free help.