NEW YORK (Reuters) - Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm’s founder Jeffrey Smith said at a conference on Tuesday. FILE PHOTO: Jeffrey Smith, CEO of Starboard Value LP speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 22, 2019. REUTERS/Brendan McDermid He called the company’s valuation “compelling” at the 13D Monitor Active-Passive Summit. “We believe KAR is a tremendous opportunity,” Smith said, adding that he thinks there is plenty of room for margin improvement and expects that portions of the business can be spun off in the near term. Last year, KAR said it would spin out a salvaging business, allowing Starboard’s investment to focus on the company’s used car auctions. “They are not commodities, it’s not easily replicable,” Smith said. “They are not tubes of toothpaste.” … [Read more...] about Starboard takes new position in KAR Auction Services
Internal revenue service
Postal Service hit with last-minute Tax Day rush in Las Vegas
Drea Hopper, 35, of Las Vegas, mails her taxes at the Downtown Las Vegas Post Office Monday, April 15, 2019. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhotoMike Myers, of Weston, Massachusetts, looks back at the line as he mails multiple tax returns at the Downtown Las Vegas Post Office Monday, April 15, 2019. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhotoJeffrey Balcom, 44, of Las Vegas, waits to mail his taxes at the Downtown Las Vegas Post Office Monday, April 15, 2019. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhotoJeffrey Balcom, 44, of Las Vegas, mails his taxes with David, who declined to give his last name, at the Downtown Las Vegas Post Office Monday, April 15, 2019. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhotoDrea Hopper, 35, of Las Vegas, waits to mail her taxes at the Downtown Las Vegas Post Office Monday, April 15, 2019. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto On Monday afternoon, Las Vegas resident Drea Hopper walked up to the … [Read more...] about Postal Service hit with last-minute Tax Day rush in Las Vegas
Postal service braces for last-minute Tax Day rush in Las Vegas
(Getty Images) Tax Day hit the U.S. on Monday, leaving many Nevadans scrambling to get in their tax returns filed on time. According to a statement from the Internal Revenue Service, about 50 million taxpayers had yet to file as of Friday, accounting for about one-third of returns. Rod Spurgeon, a spokesperson for the U.S. Postal Service, said stores across the valley were bracing themselves for last-minute filers. “We’re expecting a busy day today,” Spurgeon said. Planning for tax day Postal service offices in the Las Vegas Valley had normal operating hours Monday, with most closing between 4 p.m. and 5 p.m. Spurgeon said the offices have extra staff members working across the valley today to help make the process go smoothly “Tax day is something we plan for well in advance,” Spurgeon said. “We make sure we have enough individuals in the parking lot and in the office itself to make a speedy transaction.” If taxpayers plan to use a … [Read more...] about Postal service braces for last-minute Tax Day rush in Las Vegas
Are You “Friends” With The Internal Revenue Service?
provided by Published 3:00 pm CDT, Wednesday, April 10, 2019 MoneyTips How many people like the IRS? According to Facebook, it's almost 110,000! Does it bother you that the Internal Revenue Service is more popular than you are? If you regularly use social media outlets to stay in touch with friends and follow people or businesses that you find interesting and relevant, consider adding the Internal Revenue Service as part of your social media interaction. Not everyone is comfortable with contacting the IRS on social media, but consider the advantages. Social media provides more channels for you to access useful information and advice regarding your taxes, and it allows you to address questions without burning up your cell phone minutes while waiting on hold. As the tax-filing date grows nearer and more people wonder about the impact of the 2017 Tax Cuts and Jobs Act on their tax returns, that access becomes invaluable. The IRS has a social media presence in the … [Read more...] about Are You “Friends” With The Internal Revenue Service?
Tax season jammed up by shutdown, and Postal Service doesn’t help
By Ross Marchand Published February 21, 2019 Opinion FOXBusiness Facebook Twitter Comments Print video Tax refunds are consistent with 2017 levels: Treasury Department Treasuring Department is pushing back on claims that tax refunds for 2018 are smaller compare to last year. Diversified Private Wealth Advisors’ Dominick Tavella says tax refund won’t get better. The Internal Revenue Service (IRS) is struggling mightily to keep its head above water in the current tax season and recent developments have done little to increase trust with taxpayers. A scathing report by the National Taxpayer Advocate describes a backlog of 5 million unsorted mail pieces, as few were on call to sort mail received during the federal shutdown. Continue Reading Below Taxpayers will likely swarm the phone lines as April draws closer, since an astounding 93.3 percent of callers trying to pay over the phone during the shutdown were unable to contact a live … [Read more...] about Tax season jammed up by shutdown, and Postal Service doesn’t help