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OFFER IN COMPROMISE BASICS AND TECHNIQUES

Cost Free
Presentation Length 1.0 hour

Recorded DateSeptember 6, 2018
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

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.

Learning Objectives

  • 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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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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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.

About Our Sponsor

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Canopy’s suite operates on a modern, cloud-based platform that brings live updates to your systems when needed. With a customizable suite entirely based on the needs of your firm, Canopy unlocks the path to success through industry-leading practice management software.