Blue Tax Comes to the Aid of an Underwater Taxpayer Unable to Pay Debt

    LOS ANGELES, CA, January 24, 2011 /24-7PressRelease/ -- More than at any other time in our nation's history, hardworking people are realizing that despite their best efforts, they are simply unable to fulfill their fiscal obligations as taxpayers. For many of them, this is the first time this has happened. For all of them, it is frightening and upsetting.

Take Mr. Alwood B. (Portland, ND) who came to the Blue Tax offices very stressed out as he had unsuccessfully tried to negotiate a payment schedule with the IRS for his tax debt. In his previous attempts, his goal was to negotiate a payment plan with a monthly payment of 35 - 40 dollars. The IRS wouldn't allow him his desired payment plan. Finally at his wit's end, he contacted Blue Tax.

Alwood needed to have his taxes filed for years 2007-2009 in order to bring him into compliance. His financials needed preparation before Blue Tax could negotiate an acceptable payment plan with the IRS. The goal of the Blue Tax team was to get the client on a payment plan that accurately and fairly reflected his current financial circumstance. If the resulting fiscal analysis demonstrated that he could not afford a payment plan, the Blue Tax team would seek to get him on a Currently Non-Collectible (CNC) status.

Blue Tax had filed all of the client's missing returns for the state and the IRS. They prepared Alwood's financial analysis and had the client provide them with all of the requested documents for both the IRS and the state. Once his returns had posted, Blue Tax then called the IRS to present his full financial analysis with the requested necessary substantiating documentation. The client was protected throughout the entire process.

In the end, Alwood was placed on CNC status for both the state and the IRS. He no longer has to worry about the IRS or the state tax board pursuing any aggressive collection activity against him. Blue Tax was able to prove to the IRS and the state tax board that Alwood didn't have the ability to pay his debt. Most importantly, Blue Tax was able to negotiate peace of mind for the client, which is a consistent goal in every client transaction.

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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