Information About TaxMasters’ Reorganization

On March 18, 2012, TaxMasters, Inc., filed a voluntary petition for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of Texas. As of April 25, 2012, TaxMasters, Inc., is no longer continuing operations as they relate to providing tax-related services to clients. As of May 9, 2012, the bankruptcy case has converted to a Chapter 7 liquidation. If you have questions regarding this bankruptcy, you may call the Center for Consumer Law at 1-877-839-8422 or request a response via form at www.uhccl.org.

As of July 31, 2014, the Trustee continues to administer the TaxMasters, Inc., bankruptcy estate. There is NO current deadline related to the filing of a proof of claim by former clients/customers of TaxMasters, Inc. (for claims based upon tax services promised and/or provided by TaxMasters, Inc.); however, the Trustee plans to send out a notice in the near future (within the next few months) informing former clients/customers that a deadline has been set and identifying that specific date.  Deadlines for the filing of proofs of claims by former employees and other Chapter 11 administrative claims HAVE EXPIRED.

The Trustee has recently settled certain lawsuits.  The funds created by these settlements will be available for distributions to creditors; however, the Trustee does not yet know exactly how much money will be available to pay claims as there is additional litigation that is still pending and additional estate expenses.  The Trustee also does not know how many claims will be asserted by former clients/customers.

This website will be updated once a deadline for the filing of claims by the former clients/customers has been set.  Feel free to check back for additional updates. 

Case Name and Number:
TaxMasters, Inc. d/b/a Texas TaxMasters d/b/a TaxMasters
12-32065

United States Bankruptcy Court Southern District of Texas
P.O. Box 61010
Houston TX 77208
713-250-5500

Judge Hon. David R. Jones

Chapter 7 Trustee:
Ronald J. Sommers
2800 Post Oak Blvd
61st Floor
Houston, Texas 77056

Office of the US Trustee
515 Rusk Ave
Suite 3516
Houston, TX 77002
Phone: (713) 718-4650

PROOF OF CLAIM:
The bankruptcy court has abated the claims bar date. This means that no deadline is currently in place by which to file a proof of claim. In the next few months, notice will be mailed and published letting former clients/customers of TaxMasters know that they should file their claims. Until such notice is mailed and/or published, clients/customers do not need to file proofs of claim. A proof of claim is the document an individual or entity uses to assert a claim against the bankruptcy estate of a debtor.  When you receive notice about a deadline for the filing of a claim, you will also receive information about where you can get the proper proof of claim form. Filing a proof of claim does not mean that you will definitely receive a payment on your claim; instead, it is simply the method by which you protect your right to payment should money become available by which the trustee is able to pay allowed claims. If you decide to file a proof of claim, that proof of claim and any supporting documentation may become public record. Make sure that the documentation you attach does not disclose sensitive information such as full bank account numbers, a social security number, and/or other items of a similar nature. Additionally, be a cautious and informed consumer with regard to anyone who contacts you after accessing your name/address/contact information through your proof of claim filing.


NOTICE TO FORMER TAXMASTERS CLIENTS:
TaxMasters, Inc., is no longer operating; accordingly, you should NO LONGER rely upon TaxMasters, Inc., to perform ANY services for you with regard to your tax matters. For guidance on how to resolve outstanding tax issues, please see “Letter from the National Taxpayer Advocate to TaxMasters Clients” available at www.taxpayeradvocate.irs.gov/TaxMasters. For more information about the National Taxpayer Advocate, visit www.irs.gov/advocate or www.TaxpayerAdvocate.irs.gov


DISCLAIMER:
The information related to the bankruptcy of TaxMasters, Inc., included on this website is provided by the bankruptcy trustee in conjunction with a directive from the bankruptcy court. The trustee provides this information for informational purposes only, and this provision does not constitute legal, financial, or other professional advice. The information on this website is provided as a convenience to the public and interested parties to this bankruptcy. This website is not intended to be, nor should it be relied upon as, a substitute for financial, legal, or other professional advice. The trustee does not guarantee or warrant the accuracy, completeness, or current nature of the information that is provided on this website and shall not be liable to any individual or entity for any loss or injury arising out of or caused in whole or in part by the acts, errors, or omissions in providing this information. Information provided through this website is not intended to solicit or to create, and does not create, any attorney-client relationship between the trustee/the trustee’s legal counsel and any person and/or entity.