Bryant Man Tells TaxMan How It Will Be

by Arkansas Business Staff  on Monday, Jun. 16, 2014 12:00 am  

This could serve as a cautionary tale to small-business owners.

In a scathing complaint, Brannon Wells of Sheridan, owner of Arkansas Resale LLC, tells how he allegedly was defrauded out of $19,500 by Robert A. Byram, owner of TaxMan Central Inc. of El Dorado.

Wells said that Byram promised to get “generous tax refunds” for Wells and Arkansas Resale, according to a lawsuit Wells filed last month in Grant County Circuit Court.

Wells said he began working with Byram in August. But in February, Wells discovered that the tax forms Byram prepared “contained fictitious and fraudulent information,” according to the lawsuit.

Byram’s “purpose in providing false information on the tax returns was to mislead” Wells and get him to pay “exorbitant tax preparation fees,” the lawsuit said. Byram’s “actions constitute fraud.”

Some of the tax returns, though, were filed before Wells had a chance to approve them, and now it’s likely that those returns might be audited, the lawsuit said.

Wells wants his $19,500 back, plus money to cover the cost of dealing with any hot water he might be in with the IRS or state revenuers.

We couldn’t reach Wells’ attorney, Ed Koon of Sheridan, on Thursday. And we also tried calling Byram at his office at TaxMan, but the phone just rang. An email was sent to the company, but we didn’t hear back from Byram or anyone else from TaxMan.

But this isn’t Byram’s first time dealing with the courts.

In 2009, he filed for Chapter 13 bankruptcy protection, owing at least $2.6 million and listing assets of up to $10 million. His case, however, didn’t get very far.

U.S. Bankruptcy Judge James Mixon found Byram filed for Chapter 13 in bad faith and dismissed his bankruptcy case less than two months after it was filed.

 

 

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