Taxs TaxsMasters Stock Watch Reported By DoubleInStocks.com

TaxMasters has the knowledge, and experience to handle ALL tax inquiries, including Taxpayer problems with the IRS.
By: Jensen Handy
 
June 14, 2010 - PRLog -- doubleinstocks is pleased to annouce:



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TaxMasters, Inc. (OTC BB:TAXS)

TaxMasters has the knowledge, and experience to handle ALL tax inquiries, including Taxpayer problems with the IRS.

When it comes to representing clients before the IRS, Only Enrolled Agents, CPAs and Tax Attorneys can represent taxpayers who for what ever reason can’t pay. TaxMasters is qualified to represent you, and they will!

Claims against taxpayers are often exaggerated, and misleading. But it takes experience to deal with them and TaxMasters has over 30 years of experience, and perhaps it’s that experience that is shining through.

** TAXS reported its financial results for the first quarter ended March 31, 2010.

For the first quarter of 2010, TAXS net revenue increased 56.1% to approximately $11.3 million, compared to approximately $7.3 million for the first quarter of fiscal 2009. 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, TAXS 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. The increase was attributable to the increase in revenue offset by increases in compensation costs and advertising expenses.

For the quarter ended March 31, 2010, TAXS reported net income of approximately $0.9 million, versus net income of approximately $1.2 million for the first quarter of fiscal 2009. The decrease in net income for the first quarter of 2010 compared to the same period in 2009 is mainly due to the tax expense of $0.5 million for the first quarter of 2010.




TaxMasters must be doing something right. That’s a significant growth rate!

Perhaps the reason is that TaxMasters does so much more than simply file tax returns. Today many people have IRS problems and it takes a knowledgeable firm to intercede on a taxpayer’s behalf, and this is one area of TaxMasters specialty.

About TaxMasters, Inc.:

TaxMasters, Inc. (OTCBB-TAXS.ob - News), 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.

For more information about TaxMasters, Inc. and its commitment to help taxpayers in the United States solve tax problems, please visit www.txmstr.com. Follow TaxMasters on Twitter at http://twitter.com/gotaxmasters.




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doubleinstocks is an independent electronic publication that provides information on selected publicly traded companies. doubleinstocks is not a registered investment advisor or broker-dealer. THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Please do your own Due Diligence before investing in any of the stocks mentioned above. The disclaimer is to be read and fully understood before using our sites, stock alerts, watch list or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. 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.Full disclaimer can be read at www.doubleinstocks.com


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Forward Looking Statement
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.


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Source:Jensen Handy
Email:***@doubleinstocks.com
Tags:Taxs
Industry:Stocks
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