Sheppard Tax Preparation

Columbus, Ohio Income Tax Preparation Service

IRS, State, & Local Income Tax Preparation

(614) 523-3106 or  (877) 505-9455

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IRS Tax Debt Negotiation Tax Lawyer in Columbus, OHIO



Internal Revenue Service Offer In Compromise (OIC)


If you have back taxes due to the IRS and are not able to pay the amount in full, a qualified IRS tax attorney may be able to arrange an Offer in Compromise (OIC) for you, thus significantly reducing the amount of your tax debt.  An Offer in Compromise is an agreement between the taxpayer and the IRS to settle a tax debt for less than the full amount owed.  In addition to reducing the amount of your debt, an offer in compromise also puts a halt to the interest and penalties that would otherwise continue to accrue due to the tax debt.


Because an offer in compromise prevents the accumulation of interest and penalties, an it will provide you with far greater back tax help than you would obtain with an installment agreement.  Although, not everyone is eligible to qualify for an Offer in Compromise with the IRS.  The tax laws are very complicated, therefore the best way to determine your eligibility is to enlist the help of an experienced federal tax attorney, such as Kenneth Sheppard, Jr.


Criteria to Qualify for an Offer in Compromise

In order to qualify for an Offer in Compromise with the IRS you must meet certain criteria.  Simply owing a large tax debt to the IRS for unfiled tax returns is not in itself a sufficient qualifier. Should the IRS decide that you have the ability to afford to pay your 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 OIC when the likelihood of collecting the full amount you owe is low. Rather than declaring your income tax debt as uncollectible, the IRS would prefer to agree to an offer in compromise in order to get what is potentially collectible money at the earliest 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 Columbus, Ohio tax attorney Ken Sheppard, Jr. will consider prior  to negotiating with the IRS for an Offer in Compromise:


    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 obtaining favorable Offers in Compromise from the IRS.  To determine whether an OIC is right for you, contact Tax Attorney Kenneth Sheppard today at (614) 523-3106 to schedule a free consultation.


These above concepts above are very important in understanding how an OIC works, whether an OIC will be accepted, and the next steps in the event an OIC is rejected.  Columbus, Ohio Tax Attorney Kenneth L. Sheppard, Jr. is there to navigate his clients through the Offer in Compromise process, and to negotiate with the IRS on their behalf.


Tax Lawyer Ken Sheppard’s approach to negotiating an Offer in Compromise can be easily defined as reasonably aggressive. He knows how to negotiate with the IRS and how to present an Offer in Compromise that will be deemed reasonable by the IRS.

Sheppard Tax Preparation

a division of Sheppard Law Offices

The Columbus, Ohio Income Tax Return Preparation office at Sheppard Law Offices, LPA is conveniently located just inside I-270 off of Cleveland Ave. Our offices provide a short drive to get your taxes done from throughout Central Ohio including counties of Franklin, Delaware, Knox, Marion, Licking, & Fairfield. We regularly serve  tax clients from Columbus, Westerville, Bexley, Dublin, Sunbury, Delaware, Fredericktown, Johnstown, Centerberg, New Albany, Gahanna, Pickerington, Grandview, Upper Arlington, Clintonville, Groveport, Pickerington, Pataskala, Reynoldsburg, Groveport, Lewis Center, Worthington, Granville, the Short North, Hilliard, Plain City, Grove City, Newark, Mt. Vernon, Canal Winchester, and Lancaster.

Columbus Ohio Office

2600 Tiller Lane, Suite A

Columbus, Ohio 43231

Telephone: (614) 523-3106

Newark, Ohio Office

843 N. 21st Street, Suite 108

Newark, Ohio 43055

Telephone: (740) 345-7138

Akron-Canton Office

Belden Village Tower, 200

Canton, Ohio 44718

Telephone: (330) 409-2876

Mt. Vernon, Ohio Office

11 West Gambier Street

Mt. Vernon, Ohio 43050

Telephone: (740) 392-0404

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Sheppard Law Offices

IRS, State, & Local Income Tax Preparation (614) 523-3106 or (877) 505-9455

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