Dr Stock Pick HOT News & Alerts!

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FREE Daily Stock Alerts From DrStockPick.com

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Wednesday Dec. 23, 2009

DrStockPick.com Stock Report!

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TAXS, TaxMasters, Inc., TAXS.OB

TaxMasters, Inc. (OTCBB: 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 tax resolution experts, 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 today.

Earlier this month, TAXS reported financial results for the first nine months of 2009. Revenues totaled approximately $27 million, an increase of 87% over revenues of approximately $14 million in the same period of 2008. Net income for the nine month period was approximately $6 million, compared to approximately $1 million for the same period of 2008, an increase of nearly 442%. TAXS expects to report its financial results for the fourth quarter and full year 2009 on March 31, 2010.

In addition, TAXS has added 107 new employees in the last year, a 53% increase, bringing its total employees to 307. TAXS is staffing up to address expected strong demand for its tax relief services in the first quarter.

TAXS’ strategic plan for 2010 will leverage the increased demand for tax preparation and relief services in the first quarter of the year ahead of the IRS’s April 15th deadline. Given the economic climate that plagued much of 2009 and recent moves in the IRS to attempt to improve revenue collection methods, TAXS expects demand for services to continue to increase beyond the first quarter and throughout 2010.

This plan includes a number of changes and initiatives designed to meet the TAXS’ growth, including relocation to a larger office in the Houston area to accommodate new personnel and increased targeted advertising in 2010. TAXS will also continue to institute organizational changes begun in the second quarter of 2009 that are a result of its proprietary and internal Processes, Procedures, and Policies (P3) system. The resulting changes are designed to increase and streamline productivity, while also improving speed of service and customer service management.

More about TAXS at www.txmstr.com

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Keep a close eye on TAXS, do your homework, and like always BE READY for the ACTION!

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Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter 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. (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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Dr. Stock Pick is a seasoned equity trader and financial investor. He’s on the Crown Equity Holdings, Inc (CRWE.OB) financial staff as a professional investment analyst and consultant. He’s syndicated on over 1000 websites www.crwenews.com, www.stock-ir.com, www.PennyToBuck.com, www.PennyOmega.com, giving daily, up to the minute information about stocks, options, currencies and more. www.drstockpick.com

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