TaxMasters, Inc. (OTC Bulletin Board:TAXS), the IRS tax relief company and a leading provider of tax representation services, just reported this week that the Board of Directors has reappointed Major Fred Hackett as General Counsel and elected him Corporate Secretary.

Maj. Hackett returned from duty in July following a one-year tour of duty, serving with the National Guard’s 36th Sustainment Brigade, 36th Infantry Division at COB Adder, Tallil, Iraq. Maj. Hackett served as a Judge Advocate (Army lawyer) and Brigade Trial Counsel at COB Adder and was a driving force, along with support from TaxMasters’ CEO Patrick Cox, in coordinating a four-day tour across southern Iraq featuring performances from Texas musician Rick Trevino.

“Having Pat on the ground interacting with the soldiers was great. Even in Iraq, he was fielding tax questions,” says Hackett. “Coming home from deployment is always a challenge, but TaxMasters has exciting initiatives going on, including the launch of TaxMasters U. I am proud to resume my position with TaxMasters and help individuals and small business owners come to terms with their tax problems, regain compliance and find ways to pay the IRS what they can afford.”

PROTEONOMIX, INC. (OTC.BB:PROT) is a biotechnology company that is focused on developing therapeutics based upon the use of human cells and their derivatives, announced in their last press release that Mr. Michael Cohen, Chairman and CEO, is scheduling a multi-city European road trip to create additional awareness of the PROT investment opportunity to institutional investors.

The recent contract calls for the joint venture partner to invest $5 million on or before September 10, 2010 in a Joint Venture company, XGEN Medical LLC. (”XGen”), a Nevis Island limited liability company. For additional details about the joint venture agreement, please refer to the August 17, 2010 press release.

Parents, educators and 19.1 million college students* have different stakes in the new school year. Yet they all have things to learn about how education can impact their tax liability.

Parents

Saving for enrollment or attendance expenses for kindergarten through college at any public or private school can be done with a Coverdell Education Savings Account. Some parents invest in 529 Plans, allowing them to prepay qualified education expenses. This year those expenses include computer equipment and technology costs used by the student and family during school years.

Education savings accounts and prepay plans share these tax benefits:

* Earnings grow tax-deferred
* Distributions are tax-free if they are less than qualified expenses.

Educators

Educators, who on average spent $356 of their own money on supplies**, can deduct eligible classroom expenses as job expenses, which are claimed as miscellaneous itemized deductions. To claim itemized deductions, when added together they must total more than 2 percent of adjusted gross income.

The $250 educator expense deduction for unreimbursed classroom items, such as books, supplies and computer equipment, currently is not allowed for 2010. However, legislation is pending in Congress to allow this deduction. If this deduction is allowed, it can be claimed along with the job expenses deduction.

Sign up for free stock alerts at http://www.pennygovernance.com/signup

***************************************

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyGovernance.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyGovernance.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur.(read more @ http://pennygovernance.com/disclaimer) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) has previously received five hundred thousand shares compensation for 30 days of advertisement services and received an additional 1,000,000 shares 144 restricted stocks for a continuation of 6 months of advertisement and disseminating news, as well as $15,000 dollars for IR services for Power 3 Medical Products Inc. (PWRM.OB). Recently, Crown Equity Holdings Inc has received an additional amount of 2,000,000 shares of free trading stock for 60 days media advertisement, web design and maintenance for Power 3 Medical Products Inc. (PWRM.OB) 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.

***************************************