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Latest Business News

Jackson Hewitt Says Federal Probe Widens

Tuesday, June 05, 2007 6:38:14 PM
By LINDA A. JOHNSON

TRENTON, N.J. (AP) - The federal government has widened its probe into whether the nation's No. 2 tax return preparer helped customers file fraudulent returns to get bigger refunds.

One large franchisee of Jackson Hewitt Tax Services Inc. was accused of fraud two months ago, and the company hired a former Internal Revenue Service commissioner to review the allegations.

In a regulatory filing with the Securities and Exchange Commission late last week, Jackson Hewitt disclosed that the corporation itself and an unspecified number of its franchisee and company-owned stores now are being investigated by the IRS. The Parsippany-based company has 5,778 franchisee-operated offices and owns another 723 offices nationwide, for a total of 6,501.


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