Lawrence T. Ullmann, Attorney At Law

Call Directions Website

Lawrence T. Ullmann, Attorney At Law Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Lawrence T. Ullmann, Attorney At Law, Lawyer & Law Firm, 1990 N. California Boulevard Suite 750, Walnut Creek, CA.

In rare cases, very large tax debts can be settled for a small amount when the facts support it. Lawrence Ullmann shares...
10/11/2026

In rare cases, very large tax debts can be settled for a small amount when the facts support it. Lawrence Ullmann shares that every offer depends on the taxpayer’s real financial condition.

Click the bio link to watch the full episode.
https://bio.link/lawrenceullmann

10/10/2026

An Offer in Compromise can take many months to review, and that time may extend the IRS collection period. If the request is not approved, the taxpayer returns to the same position as before and must find another way to resolve the tax debt, such as setting up an installment agreement or pursuing another available option with the IRS.

Click the bio link to listen to the full episode.
https://bio.link/lawrenceullmann

10/10/2026

The IRS may look beyond a taxpayer's current financial situation when deciding whether an Offer in Compromise should be accepted. Future earning potential, available assets, and the likelihood of generating income can all affect the decision. A recent graduate with strong future earning potential may be evaluated differently from an older taxpayer with limited income prospects and few realistic opportunities to rebuild financially.

Click the bio link to listen to the full episode.
https://bio.link/lawrenceullmann

10/09/2026

An installment agreement can often be arranged more quickly than an Offer in Compromise, sometimes through a direct conversation with the IRS and limited financial information. In certain situations, taxpayers may qualify for an express installment agreement with a faster process and fewer documentation requirements. An Offer in Compromise, by comparison, generally requires a much more detailed financial review.

Click the bio link to listen to the full episode.
https://bio.link/lawrenceullmann

10/09/2026

An Offer in Compromise allows the IRS to accept less than the full tax debt when the taxpayer's financial circumstances support that outcome. In rare cases, a very large tax liability may be settled for a much smaller amount. Because the potential reduction can be significant, the IRS generally reviews an Offer in Compromise more carefully than a straightforward installment agreement.

Click the bio link to listen to the full episode.
https://bio.link/lawrenceullmann

10/08/2026

An Offer in Compromise may be rejected when a taxpayer refuses to use available assets that could help pay the tax debt. Real estate and other valuable property may be considered when the IRS evaluates how much a taxpayer can realistically pay. If the taxpayer does not follow the financial requirements of the program, the IRS may reject the offer rather than approve a reduced settlement.

Click the bio link to listen to the full episode.
https://bio.link/lawrenceullmann

An installment agreement can often be arranged much faster than an offer in compromise.For some tax debts under $50,000,...
10/08/2026

An installment agreement can often be arranged much faster than an offer in compromise.
For some tax debts under $50,000, the IRS may allow a simpler payment arrangement with limited information.

Click the bio link to listen to the full episode.
https://bio.link/lawrenceullmann

10/07/2026

IRS Form 656 includes detailed information that can help taxpayers understand whether they may qualify for an Offer in Compromise, but completing the process without a full understanding of the requirements can lead to costly mistakes. When significant tax debt is involved, presenting accurate financial information and a well prepared application can make a meaningful difference.

Click the bio link to listen to the full episode.
https://bio.link/lawrenceullmann

10/07/2026

A rejected Offer in Compromise can leave a taxpayer facing the original tax debt and the need to find another way to resolve it. The time spent processing an offer may also extend the IRS collection period, which is generally limited to 10 years after assessment, depending on the circumstances. After a rejection, the taxpayer may need to pursue an installment agreement or another approved solution.

Click the bio link to listen to the full episode.
https://bio.link/lawrenceullmann

A rejected offer in compromise can leave the taxpayer back where the process started. Lawrence Ullmann explains that ano...
10/06/2026

A rejected offer in compromise can leave the taxpayer back where the process started. Lawrence Ullmann explains that another solution, such as an installment agreement, may then be needed.

Click the bio link to listen to the full episode.
https://bio.link/lawrenceullmann

Address

1990 N. California Boulevard Suite 750
Walnut Creek, CA
94596

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(925)7466600

Website

Alerts

Be the first to know and let us send you an email when Lawrence T. Ullmann, Attorney At Law posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category