Business
CARDIFF LEXINGTON CORP (CDIX) ACQUIRES PLATINUM TAX DEFENDERS, LLC.
CARDIFF LEXINGTON CORP (CDIX) ACQUIRES PLATINUM TAX DEFENDERS, LLC..
About this update from Cardiff Lexington Corporation
[{"type":"text","content":"\nFORT LAUDERDALE, FL. , July 12, 2018 (GLOBE NEWSWIRE) -- Cardiff Lexington Corporation (OTCQB:CDIX) and Platinum Tax Defenders, LLC, (Private: Platinum Tax Defenders) announced today they have signed a definitive merger agreement under which Platinum Tax Defenders will merge into Cardiff Lexington Corporation as its subsidiary in a cash and stock transaction.\n Cardiff Lexington’s total annualized revenue going forward will increase to $6.7 million dollars.  In 2017 Platinum Tax Defenders reported $3.2 million in revenue; and adjusted EBITDA of $457 thousand dollars.   This merger provides Cardiff Lexington entry into the ever-growing tax resolution business. About Platinum Tax Defenders: Platinum Tax Defenders (http://www.platinumtaxdefenders.com) is a forward-thinking leader in the Tax Resolution Industry, that not only has no limit to the size of the tax debt they can assist with, but also provides services to the under-served taxpayer owing less than $10,000. This unique yet proven business model has enabled Platinum Tax Defenders to experience tremendous growth. Platinum Tax Defenders offers a wide variety of tax resolution, bookkeeping, and tax preparation services for individuals and businesses that are dealing with back taxes or are having issues paying off their current year tax bill. For those owing back taxes it can be a stressful time when the taxman comes knocking. Taxes are simply a part of life, and they must be paid; yet in today’s economy, many people of all backgrounds and financial classes are having issues with back tax payments as well as current year tax bills. The IRS is very aware of the issues that many hard-working individuals and business owners are facing, and today more than ever they are offering a variety of options to pay down tax debt. These include payment plans, Offer in Compromise (one-time lump sum payment), Currently non-Collectible hardship status and penalty abatement. The issue that many people have when it comes to paying taxes is simple financial anxiety. They may worry that the IRS won’t accept their terms, or they are simply not knowledgeable on how the IRS operates. “Our tax power of attorneys, Enrolled Agents, and other tax professionals are highly educated in the field of ...