National Tax Relief Attorney

Kenneth L. Sheppard, Jr. IRS, State, & Local  Tax Lawyer (877) 505-9455

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Settle Your Debt With The IRS For Substantially Less


If you owe back taxes due to the Internal Revenue Service and cannot afford to pay the amount in full, a qualified federal tax attorney may be able to negotiate an Offer in Compromise (OIC) on your behalf.  An Offer in Compromise is an agreement between the IRS any you settling your debt for typically substantially less than the full amount owed.  In addition to reducing the amount of your debt, it also puts a halt to the interest and penalties that would otherwise continue to accrue.


Since it stops the accumulation of penalties and interest, an OIC provides you with greater back tax help than what is obtained from an installment agreement.  Complicated tax laws make it difficult to determine if you are eligible for an OIC, so the best way to determine your eligibility is to enlist the help of an experienced IRS debt attorney, such as Kenneth Sheppard, Jr.


Qualification for an Offer in Compromise

Certain criteria must be met in order to qualify for an IRS Offer In Compromise. Simply owing the IRS a large tax debt for unfiled tax returns is not in itself a sufficient qualifier.  If the IRS decides that you can afford to pay your full tax liability via a monthly installment arrangement or in one lump sum, they will not agree to an Offer in Compromise; however, the IRS is inclined to accept an Offer in Compromise when there is a low likelihood of collecting the full amount of the tax debt. Rather than declare your case noncollectable, the IRS will agree to an OIC so that they can get the potentially collectible money at the soonest possible time and at the lowest cost to the federal government.


Offers in Compromise and Federal Tax Law

Here are some of the points of law that your IRS debt attorney will consider before negotiating with the IRS for an OIC:


    Doubt as to Collectability

    Doubt as to Liability

    Lump Sum Cash Offer

    Short Term Periodic Payment Offer

    Deferred Periodic Payment Offer

    Approved Installment Agreement

    Release of Federal Tax Liens


    Statutory Period for Collection Suspended

    Five Year Compliance

    Appeal Rights


IRS tax attorney Ken Sheppard has extensive experience negotiating reasonable Offer in Compromise amounts with the IRS.  As a client of Sheppard Law Offices, you will be required to submit a collection information statement including all supporting documentation. Contact Tax Attorney Kenneth Sheppard at 1-877-505-9455 for your free consultation to determine if an Offer in Compromise or other tax relief methods are best for your specific situation.




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Sheppard Law Offices

Law offices of Columbus, Ohio based Tax lawyer  Kenneth L. Sheppard, Jr. serving clients on a national and local scale. We serve clients throughout the United States and abroad in dealing with the IRS, State, and Local taxation authorities. We have Ohio tax law offices located in Columbus, Canton, Newark, and Mt. Vernon. We handle tax issues for clients located  throughout the country, including Ohio, North Carolina, California, Florida, Illinois, Indiana, Maryland, New Jersey, New York, Pennsylvania, Texas, and Virginia.

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