Company Information

Get to know TaxMasters

Founded in 1999 and headquartered in Houston, Texas, TaxMasters, Inc. rose to national prominence in the late 2000s through aggressive television and radio advertising campaigns. The company specialized in tax relief and resolution services, promising to help clients settle their tax debts with the Internal Revenue Service (IRS) for a fraction of the amount owed. However, the company faced numerous consumer complaints and major lawsuits from state attorneys general for deceptive advertising and failure to deliver promised services, which ultimately led to its filing for Chapter 7 bankruptcy and liquidation in 2012.

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TaxMasters

United States

Founded in

2001 (25 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.