subject: Taxs And Visa Inc. Stock Report From Pennytobuck.com [print this page] TAXS, TaxMasters, Inc., TAXS.OB TAXS, TaxMasters, Inc., TAXS.OB
The Internal Revenue Service (IRS) hangs like a threatening cloud over the heads of tens of thousands of taxpayers every year who find themselves swimming against the overpowering current of the IRS collections process.
Federal tax debt is serious and the IRS is a terrifying opponent for anyone with tax problems. The IRS is known to use questionable audit tactics, garnish your wages, put liens on your property, and levy the money in your bank accounts to satisfy your tax debt. And if they think you are intentionally withholding information or revenue, they can drown you with charges of evasion and even fraud.
TAXS can get between you and the IRS.
TAXS, the IRS tax relief company, is the first publicly traded tax representation firm in the United States.
TAXS reported that through the Offer in Compromise program with the Internal Revenue Services, it has saved clients a total of $704,000 in the first quarter of 2010.
In the first quarter of 2010, TAXS clients owing over $770,000 in past due taxes and accrued penalties, submitted Offers in Compromise that were accepted by the IRS. The accepted offers resulted in TaxMasters clients paying less than 10 percent of the actual tax liabilities owed.
Through its knowledgeable staff, TAXS was able to settle significant individual and small business tax debts through effective negotiations with the IRS.
TAXS professionals walk each client through his or her individual case, acting as a liaison between the client and IRS personnel to find financially manageable tax resolutions.
Many with IRS tax debt dont realize there are over 100 steps involved in completing an Offer in Compromise with the IRS, says Renee Miller, vice president of tax services at TaxMasters. TaxMasters continues to have outstanding success getting clients back into compliance with the IRS, determining if they qualify for a settlement, and finally helping them effectively prepare and submit quality Offers in Compromise.
An Offer in Compromise is an agreement between a taxpayer and the government where the government accepts payments of less than the full tax debt in exchange for the taxpayers promise to abide by tax laws for at least five years.
According to the National Taxpayer Advocate 2009 Annual Report to Congress, lawmakers have repeatedly encouraged the IRS to be flexible in finding ways to work with taxpayers who are sincerely trying to meet their obligations and remain in the tax system.
In conjunction with Offers in Compromise, TAXS provides clients with a suite of tax offerings and services, including tax preparation, strategic advocacy and client audits.
Established in 2001, TAXS has represented its clients in various tax crises, focusing on helping clients regain compliance, re-enter the tax system, settle outstanding tax debts, as well as negotiate payment plans.
With an increasing number of Americans facing tax debt, TAXS has grown exponentially over the last seven years, taking the IRS tax representation firm from six employees to over 300.
More about TAXS at www.txmstr.com.
Visa Inc. (NYSE:V) reported significant enhancements to the Visa Business Network (www.VisaBusinessNetwork.com), the online community that helps small business owners manage their businesses more efficiently, connect with and gain insight from peers, and ultimately grow their business. Now, small business owners can easily interact with peers in a collaborative way allowing them to get personalized help on goals ranging from growing their customer base to managing their business.
Recognizing the important role that social media plays in small business today, Visa has upgraded the Visa Business Network, which currently has more than 100,000 active members, to include new features that help them connect, learn and grow, including:
Business Goal Toolkits unique step-by-step how to guides that lead small business owners through the process of setting and achieving business goals. The interactive toolkits correlate with goals which small business owners have identified as being the most relevant to the challenges they face in growing their business from best practices for promoting their business on Facebook and other social networks, to developing and delivering email newsletters to reach new and existing customers.
Small Business Mentor Program small businesses get personalized help and guidance from other successful small business owners. Having faced similar business challenges, these seasoned mentors offer advice and perspective to help Visa Business Network participants achieve their goals.
Question & Answer Forum members are able to collaborate by asking questions related to their goals and receive personalized advice and responses from small business peers and mentors with experience across a wide range of industries.
Content Ranking this feature provides small businesses with quick access to the resources and articles fellow small business owners have declared most useful.
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