Mark
Portland,#2Consumer Comment
Fri, June 11, 2004
This may be good news for some, bad for others. I'm not sure how I am going to pay back the taxes at this point, But it looks like we may not have to worry about the Promisory Notes... Also what about the taxes I paid on the "income" from clicks to pay off the note... Thats not small amount either! Is the never benevolent IRS going to void those old 1099's also. Probably not without going to court yourself... I trust the IRS about as much as I do Oryan. Letter Below Enclosed is a copy of a permanent injunction, entered against me on May 3, 2004 by the United States District Court for the District of Nevada. The injunction requires me to post a copy of the injunction on my website and also requires me to provide all customers, including you, with a copy of the injunction along with this letter. This injunction bars me and others from making false tax representations in the future, and specifically bars me from "organizing, promoting, or selling the Mallforall, Shopn2000, or TaxBreak2000 website programs or an arrangement that facilitate or advocate noncompliance with the income tax laws or tax evasion or misrepresent the tax savings realized by using the arrangements." I am also barred from stating that website owners "may claim the 26 USC&44 disabled-access tax credit and &162 trade or business expense on their federal-income-tax returns, even if they have no bona fide business, the expense is not reasonable and necessary, or the business modification is sold along with the business itself." The Mallforall and Shopn2000 websites were marketed as being eligible for a $5,000 &44 tax credit and $5,475 &162 tax deduction. If you have filed a federal-income-tax return on which you claimed the $5,000 &44 tax credit and/or the $5,475 &162 tax deduction, then you may be required to file an amended federal-income-tax return because these credits and deductions are not allowed. The IRS is disallowing deductions and credits related to the website "modifications," for which you paid. The IRS is also disallowing any claim that the promissory notes are bona fide debts. You may be subject to additional taxes, interest, and penalties for claiming these credits and deductions. Further, you should not claim any related carry forward credit or deduction on any future income-tax returns. If you have any questions regarding your previous or future income-tax returns, please consult a competent professional or contact the Internal Revenue Service at www.irs.gov/smallbiz or call (800) 829-1040.
Jeanne
Clarkston,#3Consumer Comment
Fri, June 04, 2004
I still have TWO Malls that have a combined total of $15,000 to "click away" without any clicks available. I will die before I pay these guys a red cent! I can't imagine any of this is legal!!! We have been ripped off and lied to, so all this constitutes FRAUD. My main concern now, however, is that I sent all my tax papers in March, and still have not received my tax return they were PAID to prepare for me. I now have lost all ORIGINAL W-2s, K-1's etc., and have no idea how to do these taxes on my own. I was told they sent in an extension for me because they were "overwhelmed" with last-minute filers. When I called today, I got no answer at the tax preparation phone number, and the customer service message says "NADN is no longer doing business. We have filed for bankruptcy." Now what? If a class action or any other kind of lawsuit comes out of all this, please count me IN!!!
Sandi
Cookeville,#4Consumer Comment
Thu, June 03, 2004
I received that email from Oryan today. I too noticed that the showcases are gone. Since I owe over $6,000 on my promissory note, I too wonder how it will be paid. I have noticed that the phone calls from NADN stopped about a week ago. I guess the bankruptcy has something to do with it. I just wish I could completely get out of the mallforall. If you find out any info, I'd appreciate if you would share!
Sandi
Cookeville,#5Consumer Comment
Thu, June 03, 2004
I received that email from Oryan today. I too noticed that the showcases are gone. Since I owe over $6,000 on my promissory note, I too wonder how it will be paid. I have noticed that the phone calls from NADN stopped about a week ago. I guess the bankruptcy has something to do with it. I just wish I could completely get out of the mallforall. If you find out any info, I'd appreciate if you would share!
Sandi
Cookeville,#6Consumer Comment
Thu, June 03, 2004
I received that email from Oryan today. I too noticed that the showcases are gone. Since I owe over $6,000 on my promissory note, I too wonder how it will be paid. I have noticed that the phone calls from NADN stopped about a week ago. I guess the bankruptcy has something to do with it. I just wish I could completely get out of the mallforall. If you find out any info, I'd appreciate if you would share!
Sandi
Cookeville,#7Consumer Comment
Thu, June 03, 2004
I received that email from Oryan today. I too noticed that the showcases are gone. Since I owe over $6,000 on my promissory note, I too wonder how it will be paid. I have noticed that the phone calls from NADN stopped about a week ago. I guess the bankruptcy has something to do with it. I just wish I could completely get out of the mallforall. If you find out any info, I'd appreciate if you would share!