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JEF, TAXS, - PennyOmega.com Stocks to Watch!__ TAXS, TaxMasters, Inc., TAXS.OB Having a good tax CPA is crucial to staying out of trouble with the IRS, particularly if you have multiple income streams or if you have business income and loss. Tax preparation has become a commodity in recent years and all types of tax preparers, from the big-name firms to your cousin-in-law on your Dad's side of the family, are competing for tax prep business and claiming to be a tax master, driving the cost for tax preparation down along with the over-all quality of the average return. The advantages of using a qualified tax CPA to prepare your taxes instead of just any so-called tax master in the phone book are many. A good tax CPA can help you with more than just tax preparation, as well. They typically offer a cadre of services with the primary objective of minimizing a client's overall tax burden. Services common to a tax CPA offering include: * Strategic tax planning * Tax preparation for corporations, partnerships, trusts, and non-profit organizations * Payroll tax consulting * Sales tax consulting TAXS, the IRS tax relief company, is the first publicly traded tax representation firm in the United States. Started by Patrick R. Cox in 2001, TAXS 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, TAXS 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. ** TAXS filed a Current Report on Form 8-K on Wednesday, July 7, 2010 to announce that Patrick Cox, its founder, CEO and majority shareholder, voluntarily entered into a Financial Reorganization Agreement in which Mr. Cox deposited 200 million shares of his TAXS common stock with TAXS' transfer agent, Olde Monmouth Stock Transfer Co., Inc. These shares will be held in escrow by Olde Monmouth for a five year period ending June 30, 2015. During that time, Mr. Cox has waived his right to vote the escrowed shares and he has also waived his right to receive any dividends or other distributions by TAXS with respect to the escrowed shares. As a result of Mr. Cox's voluntary escrow of shares, there are now 139,676,105 shares of common stock that can be voted or can receive dividends or other distributions. The 139,676,105 shares will also be the number of shares used to calculate earnings per share for TAXS financial statements. After each fiscal year during the five years that Mr. Cox's shares are being held in escrow, Mr. Cox may claw back a portion of the escrowed shares based on a formula linked to the financial performance of TAXS. Any shares Mr. Cox does not claw back prior to June 30, 2015 will be turned over to the Company for cancellation. As a result of the Financial Reorganization Agreement, shareholders will have an increased voting power in their stock. For example, a shareholder owning 1,000,000 shares of TAXS common stock will have an increase of the voting power of such stock from 0.3% of the voting power to 0.7% of the voting power. More about TAXS at www.txmstr.com. ************************************************************** JEF, Jefferies Group Inc. JEF, together with its subsidiaries, operates as a securities and investment banking company in the Americas, Europe, and Asia. ** In a further expansion of the firm's Global Mergers & Acquisitions Investment Banking Group, JEF reported the addition of Tariq Hussain in London as a Managing Director in the firm's Global Mergers and Acquisitions Group. JEF's Global M&A group is comprised of nearly 90 mergers and acquisitions banking professionals. For 2010 year to date, JEF has advised on 64 advisory transactions with aggregate value of more than $72 billion. More about JEF at www.jefferies.com ************************************************************** Sign up to receive FREE stock alerts from PennyOmega.com at http://www.PennyOmega.com/signup ******************************** THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyOmega.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 PennyOmega.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 at http://pennyomega.com/disclaimer) 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 for services for Tax Masters Inc.(TAXS.OB) which has expired. Crown Equity Holdings, Inc. has received an additional four thousand dollars from the same third party (Marshall Curtis) for an additional 30 days of advertisement services As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments. |