Goldman Sachs' Credibility In Question: Fcic Chairman: Gs, Taxs, & Eeft

GS, The Goldman Sachs Group, Inc.

Last: $131.14

Recent News: Goldman Sachs' Credibility in Question: FCIC Chairman

GS is a global financial services firm. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

GS will not have to respond to a Securities and Exchange Commission (SEC) lawsuit until July 19.

GS originally needed to respond on Monday to the SECs suit alleging the investment firm did not properly disclose risks on GS Abacus collateralized debt obligations.

- U.S. District Judge Barbara Jones reportedly allowed GS until July 19 to respond to the SECs allegations. (Source: The Wall Street Journal)

More about GS at www.goldmansachs.com

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TAXS, TaxMasters (OTC BB:TAXS)

Last Price: $0.60

Latest News

TaxMasters, Inc. is an IRS tax relief company committed to to helping clients with encounters with debt and tax problems. TAXS has made strong progress this year as the company continues to grow revenue and net income, as well as corresponding shareholder value.

The largest growth driver for TaxMasters has been the increasing number of taxpayers who have issues dealing with the IRS and who are out of tax compliance. The recession and rising unemployment has increased the number of at-risk Americans, those who are most likely to have the severe financial difficulty that causes problems meeting IRS obligations.

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, the company 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.

Our sources are reporting that Treasury inspectors have recently lambasted IRS agents for not effectively finding all the unpaid taxes of sole proprietors. The Treasury inspectors completed a study of correspondence examinations on 2007 tax returns only to find that IRS examiners missed more than $16 million in unpaid taxes on sole proprietors in their limited sample.

It seems the failures lie in the correspondence examination process.

In a face-to-face audits, the IRS process typically uncovers unfiled tax returns and unreported income. But with correspondence examinations, auditors failed to uncover these basic facts. As logic dictates, adding new steps to an already slow correspondence examination process will not speed up revenue collection for the IRS in a time when the tax gap continues to grow and the Treasury faces incredible pressure to generate additional revenue.

At Tax Masters, they handle more audits in a day than most CPAs handle in a career. Do not wait until you are contacted by a Revenue Agent to act, you need to get into compliance before the IRS sends in the Agents.

It is far less expensive to solve the problem before it is a crisis.

About TaxMasters, Inc.:

TaxMasters, Inc. 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.

www.txmstr.com

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Euronet Worldwide Inc (NASDAQ:EEFT)

Last: $12.78

Euronet Worldwide Inc RIA Financial Services (Ria), a leading global money transfer company, recently announced fee-free money transfers for those wishing to collaborate with the campaign Un Gol por un Techo (One Roof for each Goal) organized by Un Techo para mi Pas (A Roof for my Country) in El Salvador.

Un Techo para mi Pas is a non-profit organization that improves the quality of life for families living in extreme poverty through emergency housing and implementation of social plans. This organization has been deeply involved helping the victims of Haiti and Chile earthquakes. The purpose of Un Gol por un Techo is to raise enough money to provide one house per goal scored in the World Cup.

Visit: http://www.euronetservices.com

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