TaxMaster, Inc. (TAXS.OB) engages in the resolution of Internal Revenue Service (IRS) tax problems for customers in the United States and internationally. It specializes in the resolution of disputes and assessments, and the settlement of tax liabilities. The company provides various services to its clients, such as filing tax returns and paying back taxes due; reducing taxes by reducing penalties and interests on tax debts; settling tax debts for the lowest amount possible under the law; stopping IRS wage garnishments and IRS property seizure; defending IRS audits or IRS criminal investigations; recovering seized funds; and removing an IRS levy or lien. TaxMaster, Inc. offers its services through tax attorneys, certified public accountants, former IRS agents, licensed tax preparers, and other tax professionals. The company was founded in 2001 and is headquartered in Houston, Texas.
TaxMasters, Inc. 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 TaxMasters common stock with TaxMasters� 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 TaxMasters 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 TaxMasters financial statements.
AmTrust Financial Services, Inc. (Nasdaq:AFSI) recently reported that its Board of Directors approved a quarterly cash dividend of $0.07 per share of common stock. The dividend will be payable on October 15, 2010 to shareholders of record as of October 1, 2010.
AmTrust Financial Services, Inc., headquartered in New York, NY is a multinational insurance holding company, which, through its insurance carriers, offers specialty property and casualty insurance products, including workers’ compensation, commercial automobile and general liability; extended service and warranty coverage.
H&R Block (NYSE:HRB) has elected Bruce Rohde, former Chairman and CEO of ConAgra Foods, Inc. to its board of directors. Mr. Rohde currently serves as chairman of Romar Capital Group and as a director of Gleacher and Co. In addition, he currently serves as Vice Chairman of the Board of Trustees of Creighton University in Omaha, Neb., and he is a past Chairman of the Board of the Strategic Air and Space Museum in Omaha, among many other professional, civic and educational affiliations.
Mr. Rohde served in multiple roles with ConAgra Foods since 1984, including General Counsel, President, Vice Chairman, and Chairman and Chief Executive Officer. He retired from the CEO role in 2005 as Chairman and CEO Emeritus. Mr. Rohde is a lawyer by training, and he also holds a certified public accounting certificate.
“We are extremely pleased to welcome Bruce Rohde to the H&R Block Board of Directors,” said Richard C. Breeden, Chairman of the Board. “For many years Bruce was CEO of a large and diversified company with both consumer and wholesale businesses. He brings a track record of creating value for shareholders, a wealth of practical business leadership experience and a fresh perspective to our board. We believe that he will add considerable depth and dimension as we develop strategies for future growth,” added Mr. Breeden.
H&R Block Inc. is one of the world’s largest tax services provider, having prepared more than 550 million tax returns since 1955. In fiscal 2010, H&R Block had annual revenues of $3.9 billion and prepared more than 23 million tax returns worldwide, utilizing more than 100,000 highly trained tax professionals. The Company provides tax return preparation services in person, through H&R Block At Home� online and desktop software products, and through other channels. The Company is also one of the leading providers of business services through McGladrey.
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