This course provides a rapid fire overview of the Offer in Compromise program for tax professionals representing taxpayers with unpaid federal tax obligations.
This course discusses the pros and cons of the Offer program, the qualifications for filing a processable Offer, and the three different types of Offers. We will discuss the two current OIC payment options available to taxpayers, the proper calculation of Reasonable Collection Potential.
This course will briefly cover IRS rules for processing Offer applications, how the Offer investigation process works, and some helpful tips for writing better Offers.
Financial analysis of IRS collection outcomes
Steps to take in seeking resolution for your clients
Options for resolution: Offer in Compromise, Payment Plan, Currently Not Collectible
IRS resolution process and workflow efficiencies
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"Extremely good presentation by a skilled and knowledgeable presenter. Material was well organized and Tanya explained it in simple terms. Really enjoyed the class!"
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Tanya has been an enrolled agent since 2006 and received a B.S. in accounting and a minor in business administration from Mesa State University. Tanya practices as a public accountant in the area of personal, business, and non-profit tax preparation, planning, and consulting. She is also a CTRS - Certified Tax Resolution Specialist. She has been practicing in accounting and taxation since 1994.
CPAwebengage, Inc. (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
CPAwebengage Inc. 1857. W 34th Ave, Denver, CO 80211
CPAwebengage, Inc. (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary. <br/><br/> <strong>CPAwebengage Inc. 1857. W 34th Ave, Denver, CO 80211</strong>