Tax resolution chain TaxMasters has filed for Chapter 11 bankruptcy protection.

The firm, which widely advertised its ability to help taxpayers settle their tax disputes with the IRS in TV commercials featuring CEO Patrick Cox, filed a bankruptcy petition in Houston on Sunday, according to Reuters. The chain listed assets of less than $50,000 and liabilities of between $1 million $10 million.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access