Monthly Archives: September 2013

VIRGINIA BEACH, VA--(Marketwired - Sep 16, 2013) - Liberty Tax Service, a subsidiary of JTH Holding, Inc. (NASDAQ: TAX), announced today that it has launched its latest addition to the company's line of resources associated with the Affordable Care Act (ACA). Liberty Tax created the website, http://www.healthcaretaxinfo.com, which offers FAQs, a subsidy calculator, and scenarios for individual circumstances, to help inform the public about the ACA.

The subsidy calculator is available to help individuals estimate any possible tax subsidy that their income level may entitle them to receive. Additionally, the website includes a glossary that defines the new, but sometimes confusing, terminology the ACA has created. Even business owners can learn what is expected of them as a result of the ACA by visiting the website.

Liberty Tax Service recognizes the tremendous impact the ACA will have on millions of taxpayers. Free seminars discussing the ACA's impact on individuals are open to the public across the country at various Liberty Tax locations. Free, informative pamphlets are also available to business owners and individuals who want to learn more about the ACA and its effects. For answers to questions or concerns regarding the ACA, individuals may email ACA@LibTax.com.

"Informing the public about the ACA implementation is our number one priority before the 2014 tax season arrives. Some of those directly impacted by this law may have never filed a tax return before, but will need to do so in order to receive applicable premium subsidies and other tax benefits. Liberty Tax is spreading the word," states Chuck Lovelace, the Vice President of Affordable Care for Liberty Tax Service.

To find a local Liberty Tax Service office, call 1-866-871-1040 or visit http://www.LibertyTax.com for more information.

About JTH Holding, Inc.Founded in 1997 by CEO John T. Hewitt, JTH Holding, Inc. is the parent company of Liberty Tax Service. As the fastest-growing tax preparation franchise, Liberty Tax Service has prepared over 12 million individual income tax returns. Liberty Tax also offers an online tax service, eSmart Tax, which enables customers to do their own taxes wherever there's a computer. eSmart Tax is backed by the tax professionals at Liberty Tax and its nationwide network of over 30,000 tax preparers, ready to offer their assistance at any time. For a more in-depth look at Liberty Tax, visit http://www.libertytax.com.

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Liberty Tax Service Launches ACA Website in Preparation for the Upcoming Mandate

We upgraded our recommendation on Liberty Media Corp. (LMCA) to Outperform based on strong financial results for the second quarter of 2013. Although total revenue was mostly in line with the Zacks Consensus Estimate, earnings per share significantly outpaced the same. Liberty Media currently has a Zacks Rank #1 (Strong Buy).

Why the Upgrade?

Liberty Media is steadily restructuring its business model in its aim to control several subscription-based companies. Strong performance in the said quarter was primarily driven by the contribution from the companys newly acquired controlling stake of SIRIUS XM Radio Inc. (SIRI). Management is pursuing a systematic share buyback program to enhance shareholders wealth. Moreover, the spin-off of the Starz segment as a separate entity helped Liberty Media to improve its financial position.

Recently, Liberty Media entered into the cable TV market after acquiring 27.3% stake of Charter Communications Inc. (CHTR), the fourth largest pay-TV operator in the U.S. Liberty Media is striving to enable Charter Communications acquisition of a major cable TV operator in the U.S. Earlier this year, Charter Communications declared its plans to acquire Cablevision Systems Corp.s (CVC) western U.S. cable systems, Optimum West, for around $1.6 billion in cash.

On Jun 25, 2012, the U.S. District Court in Manhattan awarded nearly $1 billion to Liberty Media as it found the French entertainment firm, Vivendi, guilty of not disclosing its true financial position to Liberty Media in 2001 in an equity swap deal. In 2001, Vivendi bought USA Network for over $10.3 billion.

As part of the deal, Vivendi gave Liberty Media 32 million treasury shares and an additional 5.2 million shares for its holding in a European cable joint venture with Vivendi. Vivendi later appealed against the ruling. However, in Jan 2013, the District Court in Manhattan once again gave the order in favor of Liberty Media and rejected Vivendis petition.

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Liberty Media Upped to Outperform