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TRS CEO Michael Rozbruch Comments on the Fallout from TaxMasters’ Bankruptcy and Litigation in TaxNotes

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TRS CEO Michael Rozbruch Comments on the Fallout from TaxMasters’ Bankruptcy and Litigation in TaxNotes Powered By Docstoc
					TRS CEO Michael Rozbruch Comments on the Fallout from TaxMasters’
Bankruptcy and Litigation in TaxNotes

Article in tax publication features Rozbruch’s comments highlighting the
need for oversight in the tax debt resolution industry.

Encino, CA, April 17, 2012 -- Unscrupulous tax debt resolution companies
have been toppling like dominoes of late, with the recent fall of Texas-
based TaxMasters the latest and probably the most publicly disastrous of
all. After the company, owned by Patrick Cox, finally declared bankruptcy
one day before it was set to face more than 100,000 violations of Texas’
Deceptive Trade Practices Act, a jury ruled against TaxMasters to the
tune of $195 million in consumer restitution, fines and civil penalties,
the most substantial decision ever in these types of cases. The root
cause of their violations is threefold; deceptive trade and sales
practices, not issuing refunds to deserving consumers and the fact that
they advertised and accepted down payments for their services but,
unbeknownst to the clients, the company failed to start work on a
consumer’s case until their fee was paid in full which was months after
the company was hired. In an article published in the April 9, 2012,
issue of TaxNotes, author Eric Kroh interviewed Tax Resolution Services,
Co., CEO Michael Rozbruch, who discussed the need for the tax debt
resolution industry to work with federal and state regulators in order to
root out companies like TaxMasters operating with unscrupulous and
deceptive trade practices.

In the article, Kroh paraphrases Rozbruch’s comments to the effect that
the onus is now on the tax debt representation industry to start policing
itself and putting checks and balances into place if it wants to avoid
unnecessarily crippling regulation. To this end, Rozbruch co-founded the
Tax Problem Resolution Services Coalition (TPRSC), in August 2010, which
has been lobbying for legislation to codify best practices.

“It’s become crucial for our industry to unite now to pass legislation
that includes appropriate oversight before that choice is made for us,
which could make it nearly impossible to do business,” urged Rozbruch.
“We owe it to taxpayers—our clients—and we owe it to ourselves; those of
us who operate with our own legitimate, credible standards. People need
to realize that not all tax debt representation companies are like
TaxMasters.”

Rozbruch helped found the TPRSC in 2010 with that goal in mind, and the
coalition has gained so much momentum that it is morphing into the
National Association of Tax Debt Resolution Companies (NATDRC), which
will hold its first conference May 20-21, 2012, in Washington, D.C. Karen
Hawkins, Director of the Office of Professional Responsibility, for the
IRS, is scheduled as the keynote speaker. Her office regulates
practitioners who practice before it.

Rozbruch hopes that the conference will spawn a draft of federal
legislation with the industry’s unified stamp of approval to make
incidents like what’s happening with companies like TaxMasters a thing of
the past.
“Not all tax debt resolution companies were created equal,” said
Rozbruch, “and the time has come to take the helm and steer this ship in
the right direction.”

Rozbruch welcomes those who owe $20,000 or more the IRS, have unfiled tax
returns or are under audit to contact Tax Resolution Services via phone
at 866-477-7762 or online at www.taxresolution.com for a free no
obligation consultation.

Tax Resolution Services, Co., is dedicated to providing affordable
solutions to businesses and individuals alike who find themselves in
trouble with the IRS. Their tax attorneys, CPAs, and tax relief
professionals have successfully resolved thousands of cases since 1998
and are committed to making sure our clients' experiences exceed their
expectations. For more information or to receive a FREE tax relief
consultation, visit www.TaxResolution.com or call 888-851-5894.

Contact :
Debbie Edwards
Tax Resolution Services, Co
Encino Business Park IV
6345 Balboa Blvd, Suite 285
Encino, CA, 91316
818-774-1813 ext. 326
Debbie@taxresolution.com
http://www.taxresolution.com/

				
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Description: Article in tax publication features Rozbruch’s comments highlighting the need for oversight in the tax debt resolution industry.