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A company known as "Renaissance," or "The Tax People," has been the subject of an investigation by the Kansas Attorney General for several months. Now Missouri is looking into the organization as well. The company claims to sell a "tax relief" system using a multi-level distribution model, but Kansas and Missouri are both investigating allegations of pyramiding. According to an article in the New York Times on September 13, 2000, Rutgers Law School tax professor Charles Davenport described their system as "very clever. They have created a system to cheat." Sheldon Cohen, former IRS commissioner, examined the company's literature. If the company had offered such a product when he was commissioner, he said, "We would have mailed each of them [participants] a letter saying that this is not legitimate. . ." Additionally, a California businessman, W. Bradford Murray, is suing The Tax People and its president, Michael Cooper for copyright infringement. He claims that much of the "advice" in the company's tax-saving manual was taken lifted from his work. Additionally, company representatives claim that the "tax relief system" is approved in all 50 states for continuing education for CPAs. But numerous phone calls to Florida agencies and associations which oversee the continuing education programs showed that none had never heard of Renaissance or The Tax People. Cooper, president of the company, has been the object of three separate regulatory actions in the past six years in the state of Kansas.
Copyright September, 2000. |
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This page updated Sep-27-00 |