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

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Federal Tax Installment Agreements and the IRS


If you are facing federal tax debt that is too much for you to pay all at once, an attorney experienced in dealing with the IRS can approach the federal government on your behalf  to negotiate a income tax debt payment plan.  IRS installment agreements allow you to pay the full amount of your tax debt monthly in smaller, more manageable amounts.


Types of IRS Installment Plans

When you enlist the help of a federal tax attorney, he or she can determine which IRS installment agreement best fits your circumstances.  There are two types of partial payment IRS payment plans:


No Asset/No Equity



No Asset/No Equity

Under No Asset/No Equity tax payment agreements, the IRS finds that you have no assets and/or no equity in your assets, or that you have liquidated all of your available assets in order to make a partial payment of your tax debt. Your tax relief attorney can assist you in providing evidence proving that you qualify for this type of agreement.



Under Asset/Equity tax payment agreements, the IRS finds that you have minimal equity, are unable to utilize your equity, or are unable to sell your asset because it is unmarketable despite a high book value.  Another scenario is also acceptable under the Asset/Equity agreement, which is that you need your asset in order to generate income for the partial payment installment agreement.  If the IRS determines that the government will receive more from the future income generated by the asset than from the sale of the asset, they will not seize and sell it.


How the IRS Evaluates Eligibility for Partial Payment Installment Agreements

If your financial situation is such that you can't afford to pay off your taxes in full at the time they are due, the IRS can review your circumstances to determine your eligibility for an installment agreement.  It is best to hire a federal tax attorney at this point in order to obtain the most favorable outcome possible.  Remember:  even if the IRS agrees that you had legitimate reasons for defaulting on your initial tax liability, they are not likely to abate any penalties associated with your debt, unless an experienced IRS tax attorney negotiates on your behalf.


Secure your right to negotiate an Installment Agreement with the Internal Revenue Service. Contact the tax attorney Kenneth L. Sheppard, Jr. today at 877-505-9455 for a free evaluation.


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(877) 505-9455

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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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