The accompanying unaudited interim consolidated financial statements of Crown Equity Holdings Inc. (“Crown Equity”) have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, (“SEC”), and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in Crown Equity’s December 31, 2008 Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year end December 31, 2008 as reported on Form 10-K, have been omitted.

As shown in the accompanying financial statements, we incurred a net loss during the six months ended June 30, 2009, have an accumulated deficit and a working capital deficit as of JuneSeptember 30, 2009. These conditions raiseThis condition raises substantial doubt as to our ability to continue as a going concern. Management is trying to raise additional capital through salesincreases in revenue and expansion of common stock.operations. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

On September 29, 2009 Crown Marketing, Inc acquired from TaxMasters, Inc a majority of the outstanding shares of Crown Equity. As part of the merger agreement effective August 4, 2009 between Crown Partners, Inc., the majority shareholder ofInc and TaxMasters, Inc all outstanding balances due from Crown Equity has advanced funds forto TaxMasters (Crown Partners) were forgiven. Just prior to the merger, Crown Equity's operations. There are outstanding balancesEquity owed Crown Partners $50,167 in advances and $55,897 in accounts payable.  Crown Equity recognized this reduction of $53,063 under advances from related partydebt as of June 30, 2009 and $63,226 as of December 31, 2008.contributed capital.

Crown Equity’s Chief Financial Officer has advanced Crown Equity money for various purposes. As of JuneSeptember 30, 2009 Crown Equity was indebted to the Chief Financial Officer for notes payable of $53,860, advances of $22,689 and accounts payable of $12,841$6,135 for a total indebtedness of $89,390.$82,684.

During the sixnine months ended, JuneSeptember 30, 2009 Crown Equity issued 1,980,0002,225,000 shares of common stock to four related parties for compensation and a vehicle with a value of $198,000

Item 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS

OVERVIEW

Crown Equity Holdings Inc. (the "Crown Equity" or "CEH") was incorporated on August 31, 1995 as "Visioneering Corporation" under the laws of the  State  of  Nevada,  to  engage  in  any  lawful  corporate  undertaking, including,  but not limited to, selected mergers and  acquisitions.

In 2007, Crown Equity, through its wholly-owned subsidiary, Crown Trading Systems, Inc. (“CTS”), a Nevada corporation, began to develop, sell, and produce computer systems which are capable of running multiple monitors from one computer.  At present, CTS is able to run 16 monitors off one CPU.  In late, 2007, CTS began to attend trade shows and started selling these systems.  For the six months ended June 30, 2009, CEH had revenues of approximately $84,357.

Additionally, CTS has entered into reseller and distribution agreements with over 30 wholesale and retail computer components to sell their products on CTS’s website, www.crowntradingsystems.com.

Crown Equity is offering its services to companies or individuals lookingand their management seeking to gobecome public entities in the United States.  It has launched a website, www.crownequityholdings.com, which offers its services in a wide range of fields.

Crown Equity’s office is located at 9663 St Claude, Las Vegas, Nevada 89148.

As of JuneSeptember 30, 2009, Crown Equity had no employees but was utilizing the services of independent contractors and consultants.

RESULTS OF OPERATIONS

For the sixnine months ended JuneSeptember 30, 2009 and 2008, we had revenues of $84,357$418,959 and $11,121$6,273 respectively, for a net loss of $255,006$29,379 and $ 169,478,290,033, respectively. For the three months period ending JuneSeptember 2009 and 2008 revenues were $78,213$ 334,602 and $10,549$ zero with net income of $225,627 and a net loss of $8 and $118,889$120,555 respectively. During the period ending September 30, 2009 Crown Equity incurred deferred revenues of $ 143,940. General and administrative expense increased to $315,487$434,523 for the sixnine months ended JuneSeptember 30, 2009 as compared to $153,282$262,119 for the same period in 2008 and decreasedincreased to $61,503 compared to $114,811$119,036 for the three months ofended September 30, 2008 as compared to $107,800 for the same periods.three months ended September 30, 2009.  Interest expense incurred during the sixnine month period ending JuneSeptember 30, 2009 was $1,243$1,716 compared $950$1,993 for the same period in 2008 and for the respective three months was $475 in 2009 and $950$1,044 for the same period for 2008. Depreciation for the three and sixnine months period ending JuneSeptember 30, 2009 was $6,428$6,692 and $12,773$19,466 respectively compared to zero6,345 and $12,690$19,035 for the same periods in 2008. The revenue increases in 2009 are from a license sale of $250,000 and increased revenue from services of approximately $168,000. The increase in generalnet income for the three month period  and administrative expense was primarily attributable to Crown Equity’s growing operations and stock issued for servicesdecrease in loss during the nine month period ending June 30, 2009.was the result of revenue increases in 2009 periods over the 2008 periods.

Crown Equity will attempt to carry out its business plan as discussed above; however, it cannot predict to what extent its lack of liquidity and capital resources willcould hinder its business plan prior to the consummation of a business combination.plan.

LIQUIDITY AND CAPITAL RESOURCES

At JuneSeptember 30, 2009, Crown Equity had current assets of $12,088$252,510 and current liabilities of $263,070,$272,258, resulting in anegative working capital deficit of $250,982.$ 19,748.  Shareholders' deficitequity as of JuneSeptember 30, 2009 was $216,571.$139,470. Further, there exist no agreements or understandings with regard to loan agreements by or with the Officers, Directors, principals, affiliates or shareholders of Crown Equity.

Our existing capital ismay not be sufficient to meet Crown Equity's cash needs, including the costs of compliance with the continuing reporting requirements of the Securities Exchange Act of 1934, as amended.  As shown in the accompanying financial statements, for the nine months ended September 30, 2009, Crown Equity incurred a net loss of $255,006 for the six months ended June 30, 2009, has an accumulated deficit of $6,597,775 and a working capital deficit of $250,982 as of June 30, 2009. These conditions raisedeficit. This condition raises substantial doubt as to Crown Equity's ability to continue as a going concern. Management is trying to raise additional capital through sales of common stock. The financial statements do not include any adjustments that might be necessary if Crown Equity is unable to continue as a going concern.

EMPLOYEES

As of JuneSeptember 30, 2009, Crown Equity had no employees.

ITEM 3.   CONTROLS AND PROCEDURES

ITEM 4T:    CONTROLS AND PROCEDURES

Based on their evaluation of our disclosure controls and procedures(as defined in Rule 13a-15e under the Securities Exchange Act of 1934 the "Exchange Act"), our principal executive officer and principal financial officer have concluded that as of the end of the period covered by this quarterly report on Form 10-Q such disclosure controls and procedures were not effective to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms because of the identification of a material weakness in our internal control over financial reporting which we view as an integral part of our disclosure controls and procedures. The material weakness relates to the lack of segregation of duties in financial reporting, as our financial reporting and all accounting functions are performed by an external consultant with no oversight by a professional with accounting expertise.  Our CEO and CFO do not possess accounting expertise and our company does not have an audit committee.  This weakness is due to the company’s lack of working capital to hire additional staff.  To remedy this material weakness, we intend to engage another accountant to assist with financial reporting as soon as our finances will allow.

Changes in Internal Control over Financial Reporting

Except as noted above, thereThere have been no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during this quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS.

ITEM 1A.  RISK FACTORS.

There have been no material changes to Crown Equity’s risk factors as previously disclosed in our most recent 10-K filing for the year ending December 31, 2008.

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

ITEM  3.  DEFAULTS UPON SENIOR SECURITIES.

None

ITEM  4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

None