Beware of many “tax resolution” companies who advertise on the TV, radio and internet. Many of these companies have lots of consumer complaints. In fact, several of them were recently forced to close down!
On May 13, 2010, the Attorney General of Texas charged Tax Masters with multiple violations of the Texas Deceptive Trade Practices Act. According to their Attorney General, “a state investigation and nearly 1,000 customer complaints indicate that the defendants (Tax Masters) routinely misled customers about the nature of their tax resolution service agreements.” Tax Masters has recently filed for bankruptcy and left its clients stranded.