TaxMasters Launches New Marketing Initiative After Taxpayer-Friendly IRS Policy Updates

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Tax Masters Seeks to Benefit from New IRS Policies for Lien Withdrawal and Streamlined Offers in Compromise

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More importantly, the IRS is offering taxpayers a new start on their financial future by providing a new way to request a tax lien withdrawal. This is great news for taxpayers and great news for TaxMasters.

After the IRS announced a new streamlined offer in compromise program and made it possible for taxpayers to remove a tax lien under certain conditions, TaxMasters, Inc. (TAXS) began executing a new marketing initiative targeting consumers who may qualify to take advantage of what the IRS is calling fresh start changes for taxpayers.

The IRS followed up on an earlier announcement of changes to tax lien policy and the IRS offer in compromise program in late June with details and direction around helping some taxpayers gain a fresh financial start. According to the IRS, the streamlined offer in compromise will make the OIC an option for more taxpayers and streamline the qualification process for delinquent taxpayers who qualify. Also for the first time, the IRS now has a process in place to notify creditors of a lien withdrawal after a taxpayer pays the tax debt in full or is faithfully making monthly direct debit payments. This marks a major change in the way the IRS executes and withdraws tax liens.

“The IRS has now made it easier than ever for qualifying taxpayers in crisis to settle their tax debts,” said Patrick Cox, the founder and CEO of TaxMasters. “More importantly, the IRS is offering taxpayers a new start on their financial future by providing a new way to request a tax lien withdrawal. This is great news for taxpayers and great news for TaxMasters.”

TaxMasters launched a marketing push to reach taxpayers the company believes will benefit directly from the recent IRS policy changes. Responses from prospective customers began coming in within the first week of the initiative.

About TaxMasters, Inc.
TaxMasters, Inc. (OTCBB: TAXS) is the first publicly traded tax representation firm in the United States. Started by Patrick R. Cox in 2001, TaxMasters offers a full suite of compliance and repayment services to taxpayers across the country facing seemingly insurmountable tax problems and substantial federal tax debt. Tax services from TaxMasters include IRS consultations, tax return preparation, settlement analysis, and assistance with IRS automated collections, Revenue Officer involvement and collection due process.

Employing over 300 people, TaxMasters leverages the expertise of ex-IRS agents, enrolled agents, attorneys, CPAs, and seasoned consultants ready to counsel and assist the US taxpayer with their specific tax problems today. TaxMasters is not a CPA firm or a law firm.

For more information about TaxMasters, Inc. and its commitment to help taxpayers in the United States solve tax problems, please visit http://www.txmstr.com.

Follow TaxMasters on Twitter at http://twitter.com/gotaxmasters.

Visit TaxMasters’ blog at http://www.txmstr.com/blog/.

Forward-Looking Statements
Any forward-looking statements, as defined in the Securities Exchange Act of 1934, in this release (often identified by such words as "believes," "expects," "beginning," "intended," "planned") regarding future expectations, objectives, and plans for TaxMasters, Inc. are based on opinions and estimates of management at the time the statement was made. Various known and unknown factors may cause actual results to be materially different from the expected outcomes. TaxMasters, Inc. does not, as a matter of policy, update or revise forward-looking statements. Actual results may vary materially.

Media: Trey Ditto—212.896.1248

Investors: Rob Fink—212.896.1206

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