"TaxMasters" files for Bankruptcy

[Number Six]

Yet another high profile tax firm appears to have questionable practices.
http://www.bloomberg.com/news/2012-03-1 ... ts-1-.html

[Famspear]

For a description of some of the practices allegedly used by Taxmasters, see also Antkowiak v. TAXMASTERS, No. 11-1882, U.S. Court of Appeals for the Third Circuit (Dec. 22, 2011), at:

http://scholar.google.ca/scholar_case?q ... 10&scilh=0

Patrick R. Cox, the main guy at Taxmasters, is currently licensed as a CPA in Texas. Incidentally, he does have a disciplinary history with the Texas State Board of Public Accountancy. See:

http://www.tsbpa.state.tx.us/php/fpl/in ... 46nDqGU%3D

[Famspear]

There are actually three related cases on this:

TaxMasters, Inc.
fka Crown Partners, Inc.
Federal EIN **-***8803
case. no. 12-32064-H2-11
U.S. Bankr. Court, Southern District of Texas (Houston Div.)
Voluntary Chapter 11, commenced Sunday, March 18, 2012
Judge David R. Jones, presiding

TaxMasters, Inc.
dba Texas TaxMasters, dba TaxMasters
Federal EIN **-***4925
case. no. 12-32065-H2-11
U.S. Bankr. Court, Southern District of Texas (Houston Div.)
Voluntary Chapter 11, commenced Sunday, March 18, 2012
Judge David R. Jones, presiding

TMIRS Enterprises, Ltd. (a partnership)
dba TaxMasters
Federal EIN ??????
case. no. 12-32062-H3-7
U.S. Bankr. Court, Southern District of Texas (Houston Div.)
Voluntary Chapter 7, commenced Sunday, March 18, 2012
Judge Leticia Z. Paul, presiding
Janet S. Casciato-Northrup, Chapter 7 Trustee

[Olsenfin]

So TaxMasters can join Roni Deutsch in the Tax Cheats Enablers Hall of Shame.

[Pantherphil]

Good news that Roni Deutsch, JK Harris and Taxmasters have all come to their just reward. A TRI-FECTA.
But if I had my way, every cable net work and every cable TV show host who accepted ads from these crooks would share the financial responsibility to the victims,

[Number Six]

When a commercial gets parodied by SNL, it must be pretty bad.

Other commercials and infomercials ripe for parody; the juicing and other health-oriented commercials; discount brokerages; MS/PR69/70 coin hawkers.