LOS ANGELES, CA, June 19, 2012 /24-7PressRelease/ -- Owing money to the IRS is not only stressful, it can also be debilitating. Take the case of Lionel (Pompano Beach, FL) who came to the offices of Blue Tax with such high IRS balances that the State had taken away his livelihood by suspending his real estate license.
Lionel had tax liabilities for tax years 2005, 2006 and 2008. There were no balances owed in 2007 or after 2008. Lionel is a real estate agent so when the government suspended his license due to his extensive unpaid back taxes, he was really stuck in a difficult spot. With the economic downturn, Lionel's income had taken a sharp downturn as well. Another challenge was that Lionel had a few years of the IRS filing Substitute for Returns for him and an extension filed for 2010.
Blue Tax to the rescue! To ensure that Lionel did not get collected on while Blue Tax attempted to resolve his tax issue with the IRS, the experts at Blue Tax filed the missing returns and brought the client into compliance. In compiling paperwork for Lionel, Blue Tax was able to show the IRS that he had negative disposable income. This qualified Lionel to be placed under a non-collectable status (CNC).
Blue Tax was able to follow up with the IRS and negotiate Lionel's CNC status. The client submitted his transcripts to the State, which resulted in a re-instatement of his real estate license. Blue Tax made sure his returns were posted and advised Lionel on how to stay on this program. Needless to say, Lionel was very happy to move on with his life and get back to selling houses!
For more information about Blue Tax and its ability to help taxpayers resolve their tax problems, please visit www.BlueTax.com or call (888) 310-5858 for a free confidential consultation.
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