California Offers in Compromise Lawyer
When you have tax debt, bankruptcy is not the only option. You can hire an attorney experienced in bankruptcy alternatives such as tax workouts, or "offers in compromise", with the IRS. Tax workouts are essentially bargains that allow you to pay some but not all of your tax debt.
Attorney Lawrence L. Szabo represents clients facing tax problems related to bankruptcy proceedings, and also has experience dealing with the IRS on tax relief issues. With an office in Oakland, California, he works on behalf of people and businesses throughout Alameda and Contra Costa Counties. Contact us for a free initial consultation.
Bankruptcy and Alternatives
Recent changes in how the IRS handles collection procedures may mean increased risks of garnishment and creditor harassment for you and your business. Filing for bankruptcy can end both, depending on how long the tax debt has existed. (See our Tax in Bankruptcy page for more information).
Another alternative is an "offer in compromise." This method of tax workout focuses on what you can pay, not what you owe -- the IRS recognizes that you cannot get money from someone who simply does not have it, and settles for what can be paid. In IRS lingo, this is known as "doubt as to collectibility."
As the IRS considers an offer in compromise, it is not allowed to garnish wages, repossess property, harass you, or engage in any other collection activity. Thus offers in compromise have the same immediate effects as do bankruptcies.
An Experienced Lawyer is Crucial
Too often, people try to make an offer in compromise on their own, without the assistance of an experienced lawyer. The process is tremendously complicated, and a large majority of offers prepared by laymen are either rejected as immediately "unprocessable" or, if they are processed, are rejected. Lawrence L. Szabo knows how to prepare offers in compromise so that they will not be deemed unprocessable and stand a good chance of being accepted.
At the Law Office of Lawrence L. Szabo, we can tailor a solution to your tax problems that includes any combination of offers in compromise, installment agreements, and careful consideration of non-collectible status and statutes of limitation on tax collection. Lawrence takes stock of each client's individual situation and crafts a solution to meet their specific needs.
Contact a Lawyer Skilled With the Offer in Compromise Process
If you need assistance with your tax debt, please contact us any time for a free initial consultation with our lawyer.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.