Tax Masters this Week

As a highly successful tax representation firm offering IRS tax relief to taxpayers across the United States (with some clients outside our borders) we are watching the events of government buy-outs and bonus-blame unfold with particular interest. Like most people, we are uncertain exactly what all the implications of current policy will be. However, what we see in the near term is an increase in IRS activity. Our advice is unwavering. If you have been contacted by the IRS, you have a tax problem. Call us and talk about your options sooner rather than later. We’ll continue to comment here on policy and government programs from the tax representation perspective, as we have done with Madoff, Geithner, and other relevant people and policies, so check back often.

On the lighter side, Tax Masters has made it into the news a couple times over the past week or so. We’re excited to be in a position to contribute funding to help prepare USA Archery Olympic hopefuls in their bid to make the 2012 Olympic Archery team. We have also reached an agreement with Brass Monkey Racing to sponsor a Speed GT Porsche in this year’s SPEED World Challenge. And in typical Tax Masters fashion, we even found a way to link the two sponsorships.

Tax Masters Sponsors Olympic Hopefuls

USA Archery (http://www.usarchery.org) reported last week that we agreed to a one year sponsorship of the Resident Athlete and Jr. Dream Team programs at the Arco Olympic Training Center in Chula Vista, CA.  The Tax Masters sponsorship provides a large base contribution with a $5,000 bonus to be paid every time the Tax Masters / Brass Monkey Racing Porsche #97 finishes in the top three during the 2009 SPEED World Challenge GT race series. 

Sponsorship of Brass Monkey Racing

Brass Monkey Racing announced this week that Tax Masters will be their primary sponsor for the 2009 SPEED World Challenge GT racing series. Brass Monkey Racing will run the full 2009 season with Tony Rivera driving the #97 TaxMasters Porsche.  

AJ Brass, owner of Brass Monkey Racing, enlisted Jeff Stone of Kelly Moss Motorsports, absent from the SPEED World Challenge for 15 years, to form this new team effort and build the TaxMasters Speed GT Porsches for the season. If Stone sees success like he did 15 years ago in the 1994 World Challenge season, we will have many victories to report.

Success Builds on Success

Though interested in racing from afar, this year marks the first time Tax Masters has been directly involved with a racing team. If we were going to commit to a sponsorship, we wanted to make it worthwhile and exciting. When the USA Archery opportunity happened, we saw that the two contributions meshed nicely.

Tax Masters has already contributed over $25,000 to developing Olympic hopefuls for USA Archery. We have committed an additional $5,000 each time the TaxMasters #97 Porsche finishes in the top three at a SPEED World Challenge event. With 10 races on the season, that’s a potential $50,000 more dollars to go to Olympic hopefuls. If Rivera takes the podium in all ten races, that means Tax Masters will have donated a total of $75,000 this year for USA Archery to use to develop their hopefuls.

The fact that Rivera took the podium 13 of 14 times last year in the IMSA Challenge Gold Cup has everyone excited about this SPEED World Challenge season. We’re certainly rooting for wins at Tax Masters, and now USA Archery is behind him as well. We are especially proud to include the USA Archery logo on the car for the season.

The first race takes place this weekend at storied Sebring International Raceway. I hope to have good news for you about the results next week.

Until you need us,

Patrick Cox Tax Masters