Stock Update for TaxMasters. TAXS.OB, V, MA

June 15, 2010 - PRLog -- TAXS, TaxMasters, Inc., TAXS.OB

TAXS, the IRS tax relief company, is the first publicly traded tax resolution 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 problems.

Recently, TAXS reported the company’s 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.




Visa Inc.,  Digital currency has the potential to dramatically transform government payments in the next five years, saving U.S. taxpayers hundreds of millions of dollars in the process, according to representatives from the government and private sector.

The positive impact of digital currency on all aspects of government payments and purchasing was highlighted at a briefing in Washington, D.C. today hosted by THE HILL, the widely-read congressional newspaper, and sponsored by Visa. Speakers at the event, including Douglas Michelman, global head of Corporate Relations at Visa Inc., pointed to plans by state, local and federal government agencies to launch or expand electronic payment programs to improve efficiency, accountability and transparency.






Mastercard Incorporated  MasterCard Worldwide recently announced that Sachin Mehra has joined MasterCard as Corporate Treasurer. He succeeds Andrea Robertson, who is retiring.

Mehra brings with him a range of financial experience in global corporations having held positions in key financial markets around the world, including New York, Singapore, Shanghai and Brussels.







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