Beverly Hills Tax Attorney
Protecting Your Rights, Finances & Best Interests
At Greenberg Bitton LLP, we have an in-depth knowledge of federal, state, and local tax codes and regulations. We can make the law work for you—not against you.
Our Beverly Hills tax lawyers can assist you with a variety of issues, including:
- Collection matters
- FBAR compliance and filings
- Installment Agreements
- Offer in Compromise
- International tax
- Income Tax
- Payroll Tax
- Property Tax
- Sales & Use Tax
We can help you devise a comprehensive solution to your tax matters.
Offer in Compromise (OIC)
If you owe money to the IRS or a state agency and are unable to pay the full amount, the IRS or state agency may forgive a portion of the debt and accept a lesser payment. This type of settlement agreement is commonly referred to as an offer in compromise (OIC).
Three reasons that may generally lead to an accepted OIC:
- Doubt as to liability – when a taxpayer has a genuine dispute as to the existence or amount of a tax debt
- Doubt as to collectability – when a taxpayer’s income and assets are unable to satisfy the tax debt
- Effective tax administration – when a taxpayer is facing exceptional circumstances that would make paying the tax debt unfair, inequitable, or lead to an economic hardship
In short, if you are struggling to pay what you owe to the IRS, there are policies and procedures in place that could greatly benefit you. A knowledgeable tax attorney can help you understand if you qualify for this type of tax relief.
The OIC Approval Process
The IRS or a state agency approves an OIC request on a case-by-case basis. To reach their decision, they will consider a variety of factors regarding your financial situation, including your ability to pay, income, assets, and monthly expenses.
In addition, taxpayers must generally complete the following steps:
- You must have filed all of your outstanding tax returns
- You must have made your required estimated tax payment for the current tax year
The OIC application process can take an extended period of time. The IRS, for example, generally takes more than 12 months to provide a decision. Once an application has been submitted, however, all attempts to collect outstanding tax balances will generally cease. If the IRS does not provide a response within 24 months, the application will be considered approved by default.
Effective representation and communication are improbable when overburdened with clients. Calls go unanswered and unreturned, and clients end up feeling frustrated and abandoned. Our firm never overloads our attorneys. Our clients deserve excellent representation and consistent communication.
Honesty and Integrity
Our firm will give you an honest assessment of your legal needs. Our approach is to help educate potential clients so that they can resolve simple matters on their own. If your matter can be resolved with one phone call, we will tell you.
Competitive Legal Fees
We believe in transparent pricing and aim to provide legal representation for a competitive, fixed fee whenever feasible. Call us today for a proposal regarding your legal matter.
Multifaceted Experience and Approach
Our attorneys have extensive experience in their respective practices, and work together to bring our clients a comprehensive solution to their legal needs. We work to resolve your legal matters while never losing sight of the bigger picture and the interrelation with other areas of the law.
“Took the time to listen to my situation and even told me exactly what I should do to resolve the problem on my own.”- Konstantin K.
“I would highly recommend that you reach out for any tax issues that you may have.”- Nathan S.
“We got the result we wanted and I'm finally able to move on.”- Vivek A.