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Madigan Warns Of Tax Scams

Illinois Attorney General Lisa Madigan is warning customers to be wary of services that provide money in the form of loans in anticipation of an income tax refund.  Madigan says these tax-anticipation loans are in essence short-term, high-cost loans the burden consumers with high interest rates and fees that are deducted from their tax refund.  Madigan says in many cases, the refund doesn't get to the consumer any faster because the tax service still has to wait for the IRS to process the return and deposit the funds.  Madigan also cautions consumers to be aware of the possibility of identity theft through phone calls claiming to be from IRS agents.  

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