Service Company Update: Taxs, Jpm, & Eeft
TAXS, TaxMasters (OTC BB:TAXS)
TAXS, TaxMasters (OTC BB:TAXS)
Last Price: $0.68
Latest News
TaxMasters, Inc. is an IRS tax relief company committed to to helping clients with encounters with debt and tax problems. TAXS has made strong progress this year as the company continues to grow revenue and net income, as well as corresponding shareholder value.
The largest growth driver for TaxMasters has been the increasing number of taxpayers who have issues dealing with the IRS and who are out of tax compliance. The recession and rising unemployment has increased the number of at-risk Americans, those who are most likely to have the severe financial difficulty that causes problems meeting IRS obligations.
Total operating expenses for the first quarter of 2010 were approximately $9.9 million, an increase of 62.9% compared to $6.1 million for the same period in 2009. For the first quarter of 2010, the company reported net income from operations of approximately $1.5 million, an increase of approximately 20% compared to approximately $1.2 million for the same period in 2009.
Our sources are reporting that Treasury inspectors have recently lambasted IRS agents for not effectively finding all the unpaid taxes of sole proprietors. The Treasury inspectors completed a study of correspondence examinations on 2007 tax returns only to find that IRS examiners missed more than $16 million in unpaid taxes on sole proprietors in their limited sample.
It seems the failures lie in the correspondence examination process.
In a face-to-face audits, the IRS process typically uncovers unfiled tax returns and unreported income. But with correspondence examinations, auditors failed to uncover these basic facts. As logic dictates, adding new steps to an already slow correspondence examination process will not speed up revenue collection for the IRS in a time when the tax gap continues to grow and the Treasury faces incredible pressure to generate additional revenue.
At Tax Masters, they handle more audits in a day than most CPAs handle in a career. Do not wait until you are contacted by a Revenue Agent to act, you need to get into compliance before the IRS sends in the Agents.
It is far less expensive to solve the problem before it is a crisis.
If you are contacted by a Revenue Agent, we suggest you call TaxMasters at 1-800-581-0456begin_of_the_skype_highlighting 1-800-581-0456 end_of_the_skype_highlighting to discuss your tax problem and to hire the audit defense representation you deserve.
About TaxMasters, Inc.:
TaxMasters, Inc. the IRS tax relief company, is the first publicly traded tax resolution firm in the United States. Started by Patrick R. Cox in 2001, TaxMasters offers services and counsel to taxpayers across the country facing seemingly insurmountable tax problems, and relief from substantial federal tax debt. Employing over 300 people, TaxMasters leverages the expertise of ex-IRS agents, enrolled agents, attorneys, CPAs, and seasoned tax consultants ready to counsel and assist every day people with their specific tax issues.
www.txmstr.com/
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Last: $35.83
JPMorgan on Wednesday named former Goldman Sachs executive Michael Lynch as vice chairman of investment banking. Lynch was an executive in the Goldman Sachs investment banking division from 1976 until 2005. He managed Goldmans investment banking business in Latin America.
He was most recently at GSC Group, an investment adviser.
JPMorgan Chase has been one of the strongest banks as it weathered the financial crisis and recession. It has assets of $2 trillion and operations in more than 60 countries.
About JPM
JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The companys Investment Bank segment provides investment banking products and services, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market-making in cash securities and derivative instruments, and prime brokerage and research. This segment serves corporations, financial institutions, governments, and institutional investors.
http://www.jpmorganchase.com
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Euronet Worldwide Inc (NASDAQ:EEFT)
Last: $12.84
Euronet Worldwide Inc RIA Financial Services (Ria), a leading global money transfer company, recently announced fee-free money transfers for those wishing to collaborate with the campaign Un Gol por un Techo (One Roof for each Goal) organized by Un Techo para mi Pas (A Roof for my Country) in El Salvador.
Un Techo para mi Pas is a non-profit organization that improves the quality of life for families living in extreme poverty through emergency housing and implementation of social plans. This organization has been deeply involved helping the victims of Haiti and Chile earthquakes. The purpose of Un Gol por un Techo is to raise enough money to provide one house per goal scored in the World Cup.
Visit: http://www.euronetservices.com
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Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.The CRWEPicks.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWEpicks.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more ) Rule 17B requires disclosure of payment for investor relations.Crown Equity Holdings, Inc. (CRWE.OB) has previously received twenty four thousand dollars from Tax Masters Inc.(TAXS.OB) for 30 days of advertisement services. Crown Equity Holdings, Inc. (CRWE.OB) has received four thousand dollars from a third party (Marshall Curtis) for 30 days of advertisement services for Tax Masters Inc.(TAXS.OB).
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by: Blayne Sheffield
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