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State Bar of California
United States Tax Court
United States District Court
ASTPS

San Diego Offer in Compromise Lawyer

If it can be shown that none of your tax balance can be fully paid within 10 years of the date of assessment, a detailed evaluation is warranted to determine the extent to which an offer in compromise would work for you. We have an extraordinarily high success rate with offers because we perform an intense and detailed analysis of financial information before filing the offer with the IRS on your behalf.

In determining whether or not the IRS will accept an offer in compromise, the IRS will evaluate what it calls your realizable collection potential. This is comprised of two elements, the first of which is equity in assets that you own. This has to do with equity in your residence or other real property that you may own, the value of individual retirement accounts and the value of any other assets that have a substantial value.

The second element in realizable collection potential is what the IRS refers to as future income. The IRS will carefully evaluate your current monthly income, and from that it will subtract what you’re paying for necessary living expenses (subject to certain limitations) and also subtract current taxes you are paying on that income. The figure that is left over is the amount of funds which are available to devote to the payment of back taxes. The IRS will take that figure and multiply it by 12 to determine the value of what it deems to be your future income.

An offer in compromise can be an excellent means by which to free yourself from burdensome tax liabilities, and that when the offer is paid, the IRS will release any tax liens that had previously been filed.

Details of everything that needs to be addressed in filing an offer in compromise which will be successful appears in “King’s Legal Guide to Offers in Compromise,” for which I was the legal editor.

Client Reviews
★★★★★
David has been my attorney for several years and has helped me walk through major life changing situations with compassion and understanding and good legal and personal advice. My IRS debt is about a thing of the past and my state tax is now handled as well. I can recommend Dave for his tax and legal expertise.
★★★★★
When I contacted David Greenberg, I owed the IRS over $150,000 and he was able to help me have those payments discharged. I am forever thankful. David is always there for me when I call and I have referred him to friends who have also hired him with excellent results. I can't say enough wonderful things about Mr. Greenberg and his staff. John
★★★★★
He is a super big help with tax problems. He is very informative, knows exactly what to do & when. He is also sympathetic & understanding; knows what to say to calm all fears & worries. Furthermore, he works his hardest to ensure comfortable payment plans or alternative discount methods to ease any financial obligations. He is a great asset to those in need of tax resolutions. Debbie
★★★★★
What can I say about David other than he is a genius and knows his tax law. In 2009 I was hit extremely hard by the financial meltdown. I contacted David to help my wife and I through a personal bankruptcy and a 6 digit IRS Tax Lien. He was wonderful to work with and walked us through the whole process. The biggest hurdle was the IRS Tax debt. What an amazing job David performed. It took some time, as he said it would. The IRS agreed to an Offer and Conpromise and forgave 97% of the debt. I would highly recommend David Greenberg for any Tax or Bankruptcy issues. He is amazing. Fred
★★★★★
Attorney David Greenberg, assisted me with a tax issue and kept the IRS from just randomly taking money while resolving the issue. He is polite,attentive and willing to help his clients. I wholeheartedly recommend David Greenberg, for any tax issues you may be facing. Anthony
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