Tax Attorney Michael J. Fiscus
Fight Back Against the IRS!
Level the Playing Field Against the IRS!
Get Your Life Back!
CALL NOW (310) 697-3203
Level the Playing Field Against the IRS!
Get Your Life Back!
CALL NOW (310) 697-3203
The following services are provided by an Experienced Los Angeles County Tax Attorney:
Offer in Compromise
Release of Bank Levies
Release of Wage Garnishments
Penalty Abatement (Reduction)
Preparation of Past Due Tax Returns
U.S. Tax Court Litigation
State Tax Litigation
Bankruptcy to Eliminate Tax Debt
Tax Liens Released and Removed
Tax Audits
Thank you for visiting the Website of Tax Attorney Michael J. Fiscus. I have tried to provide information about my firm and the services I provide and helpful resources my clients and visitors can hopefully use to better understand taxation issues and procedures. I have more then a decade of experience assisting individuals and businesses resolve their tax difficulties. Tax problems are real and serious; you need a tax attorney with the knowledge, experience, resources, and energy to help you get through a difficult situation. When the situation requires, you should hire a qualified tax attorney with years of tax, legal, and CPA firm experience and experience dealing with the Internal Revenue Service. I will evaluate your individual situation and choose a method of resolving your problem that is appropriate for you based on your particular circumstances with your best interest at heart.
Do you really need to have a CPA, Corporate Attorney for Legal Matters, a CFO, and a Bookkeeper - The answer is NO, my team will handle all these functions for your business. Deal with one professional directly rather than three or more individuals for all your business needs.
Federal and State Tax Law contains volumes of statutes, regulations, administrative and court rulings. I have an in-depth knowledge in all areas tax law and can advise you in any area of the law. I routinely represent taxpayer before the IRS, State Taxation Agencies, Tax Court,
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Examples of Actual Tax Savings for clients: |
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| Assessed Tax / Deficiency Amount (plus penalties and Interest |
Final Amount due |
Amount of Taxes Saved |
|
| Offer in Compromise Accepted based on Inability to Pay - Health Issues primary cause of financial problems |
$110,000 |
$12,000 |
$98,000 |
| Offer in Compromise Accepted based on Inability to Pay - Unemployment primary cause of financial problems |
$25,000 |
$3,000 |
$22,000 |
| Offer in Compromise Accepted based on Effective Tax Administration (ETA) - Hardship Relief due to age |
$78,000 |
$12,000 |
$66,000 |
| Federal Tax Lien removed |
$18,000 |
$0 |
$18,000 |
| Bank Levy released |
$36,000 |
$0 |
$36,000 |
| Wage Garnishment Removed |
$6,000 |
$0 |
$6,000 |
| Offer in Compromise Accepted based on Effective Tax Administration (ETA) - Hardship Relief due to Serious Health Issue |
$45,000 |
$6,000 |
$39,000 |
| Notice of Deficiency- IRS attempted to attribute recapture of LIHTC to client due to client's purchase of partnership interest that owed LIHTC (Employed the Tax Benefit Rule in reverse). |
$750,000 |
$200 |
$749,800 |
| Excessive Income Reported on P/S K-1; Tax Court case- reduced penalties by 30%. |
$480,000 |
$462,000 |
$18,000 |
| IRS NOD unreported income; sale of securities not reported on tax returns. |
$380,000 |
$0 |
$380,000 |
| Penalty Abatement request - payment sent to FTB instead of the IRS; result: penalties waived. |
$5,882 |
$0 |
$5,882 |
| Penalty Abatement request - prior business owners caused delinquent taxes & penalties |
$38,000 |
$0 |
$38,000 |
| IRS Not rolled over within 60-day time limit; result - tax, interest, penalties waived. |
$160,000 |
$0 |
$160,000 |
| EITC- denied due to high investment income |
$2,950 |
$0 |
$2,950 |
| Taxes increased on audit (prior accountant's error); obtained waiver of penalties. |
$30,000 |
$0 |
$30,000 |
| Deceased taxpayer's estate liable for $197,000 in tax due to unreported income covering two year period. Decreased tax $74,000, civil penalty $15,500, Late Payment penalty $6,833, interest $12,183. |
$113,629 |
$4,676 |
$108,953 |
| Deceased taxpayer's estate liable for $197,000 in tax due to unreported income covering two year period. |
$197,000 |
$2,050 |
$194,950 |
| Penalties for late filing (prior accountant's error) - obtained waiver of penalties. |
$1,500 |
$0 |
$1,500 |
| Penalties for late payment of estimated taxes (prior accountant's error) - obtained waiver of penalties |
$3,490 |
$0 |
$3,490 |
| IRS Notice of Proposed Assessment received CP2000 due to disbursement from qualified retirement plan- reduced taxes and penalties. |
$2,450 |
$0 |
$2,450 |
| FTB Audit 2005 tax year - Proposed assessment $8.9 million (section 1202); delayed audit over one year through various techniques to allow federal statute of limitations to expire, saving taxpayer approx. $1.2M. |
$8,900,000 |
Pending |
$1,200,000 |
| Obtained tax amnesty for client under New Jersey program |
$15,000 |
$0 |
$15,000 |
| EDD Employee vs Independent Contractor issue |
$14,500 |
$2,000 |
$12,500 |
| Corrected S corp election issue- filed past due returns for past 20 years. Saved client's casualty loss deduction of $140,000 |
$140,000 |
$0 |
$140,000 |
| CP2000 notice attributing $60,000 of unreported income from Social Security & Sale stock options to taxpayer. Reduced to $0 by showing all taxable SS income was reported and stock options were incentive stock options paid to taxpayer in lieu of salary and reported on taxpayer's W-2. |
$18,000 |
$0 |
$18,000 |
| Los Angeles City Business License Notice of Non-Compliance |
$15,000 |
$0 |
$15,000 |
| Notice of Assessment - Unfiled Corporate Tax Returns, income incorrectly assessed on the Clients personal tax return by the IRS, result - filed unfiled corporate tax returns, took advantage of valid business deductions not available on personal tax returns, took case to Tax Court, negotiated reduction of penalties. |
$32,000 |
$18,000 | $12,000 |
| TOTALS (for the above examples only, many results not listed) |
$11,570,401 |
$59,926 |
$3,825,475 |
*Results vary depending on the facts of each particular case and vary from case to case. This testimonial or endorsement does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter.
Michael J. Fiscus, Tax Attorney
11400 West Olympic Blvd, Suite 200
Los Angeles, CA 90064
(310) 697-3203
fax (310) 697-3249
michael@michael-fiscus.com
