Do You Have to Walk on Water???

[johnmrider]

I am a renewed licensed agent in pa.I was in Real Estate as a manager for 40 years. 2 years after the Lehman crash I decided I had enough, from making 6 figures to flat broke, I changed my profession and became a lic agent in life health and annulities. My problem is i started borrowing out of my tax reserve to live and pay bills, as a result I got a tax lien and it has stop me from being appointed by most companies.

If i could earn an income, I would gladly pay this lien ,are there companies that over look this type of situation.

 

[BNTRS]

I am a renewed licensed agent in pa.I was in Real Estate as a manager for 40 years. 2 years after the Lehman crash I decided I had enough, from making 6 figures to flat broke, I changed my profession and became a lic agent in life health and annulities. My problem is i started borrowing out of my tax reserve to live and pay bills, as a result I got a tax lien and it has stop me from being appointed by most companies.

If i could earn an income, I would gladly pay this lien ,are there companies that over look this type of situation.

Depends on how big the lean is. Elaborate a bit more on what "stop me from being appointed" means. Are you trying to become a career agent somewhere and this is coming up? If so, this has more to do with FINRA and the securities side of the business.

The P&C companies will typically appoint you. If you had more experience, you'd be an easy hire at one of the big name home and auto companies as their investment/life specialist. I've seen people who were rejected by life companies get picked up by the P&C companies, different ball of wax, but might work out.

 

[JustinSane]

I am a renewed licensed agent in pa.I was in Real Estate as a manager for 40 years. 2 years after the Lehman crash I decided I had enough, from making 6 figures to flat broke, I changed my profession and became a lic agent in life health and annulities. My problem is i started borrowing out of my tax reserve to live and pay bills, as a result I got a tax lien and it has stop me from being appointed by most companies.

If i could earn an income, I would gladly pay this lien ,are there companies that over look this type of situation.

You don't have to walk on water, but you do have to heal the sick.

All kidding aside, my main suggestion would be to first enter into a repayment agreement with the IRS. If you did this already, you should have a form 433-D, highlighting the details of such.

Many carriers will appoint you if you show proof of a payment arrangement.

If you don't have an arrangement, I highly suggest even something small to begin with. The IRS is more willing than ever to work with resolving tax liens nowadays.

I'm an agent who doubles as an accountant. If you have any other questions related to these comments (for privacy purposes), feel free to email me personally, at: [email protected]

I wish you the best in resolving your issues.

 

[Guest]

I am a renewed licensed agent in pa.

I don't know if PA Dept of Ins needs to be informed of a tax lien. Here in California the Dept of Insurance considers failure to pay taxes a license violation. Also, the Dept of Insurance requires the licensee to inform the dept of any change in background information relative to the insurance license.