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Peter Franchot

Md. suspends tax filings from more Liberty Tax franchises

Md. suspends tax filings from more Liberty Tax franchises

Maryland Comptroller Peter Franchot announced Tuesday that his office has suspended accepting tax filings from 16 more Liberty Tax Service franchises, less than a week after it stopped accepting filings from seven other Liberty Tax franchises.

The comptroller's office cited a high number of "questionable" filings, with characteristics such as returns that reported business income when the taxpayer did not own a business, inflated or undocumented business expenses, and dependents claimed improperly.

Jim Wheaton, general counsel and chief compliance officer for Liberty Tax, based in Virginia Beach, Va., said the tax-preparation company has a robust compliance program...

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