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Free cpece webinars
IRS Offers in Compromise: A Case Study - Condensed Version

IRS OFFERS IN COMPROMISE: A CASE STUDY - CONDENSED VERSION

Available Date(s)
Friday, April 19, 2024: 10:30AM EDT
Thursday, May 02, 2024: 10:30AM EDT

Cost Free
CPE Credits 1.5 hours
Subject Area 1.5 - Taxes (Federal Tax)
CE Credits 1.0 hour
Course Id# - HURS9-T-01056-21-O
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

This condensed workshop takes participants on a hands-on journey through the financial disclosure aspect of the IRS offer in compromise (OIC) process, including how to effectively complete the appropriate financial disclosure package for individuals, Form 433-A(OIC). The program will provide you with skills that will enable you to


  • Compute reasonable collection potential (RCP) for OICs in light of the current rules using the most recent forms of April 2021

  • Determine acceptable installment agreement levels

  • Determine whether a taxpayer qualifies for a status of currently not collectible

  • Advise clients regarding pre-submission planning for OICs


Learning Objectives:


  • Recognize how to present financial backup for submissions for offers in compromise (OIC)

  • Determine the basics in arriving at reasonable collection potential (RCP) which is the standard used by the IRS to evaluate OIC submissions

  • Summarize information not generally known in determining RCP



The core program with some questions will run 75-minutes.  The speakers will remain until shortly before the 90-minute mark to take additional questions. 

Linkedin

E. Martin Davidoff

Prager Metis CPAs, LLC
Partner-In-Charge, National Tax Controversy
emdavidoff@pragermetis.com
(732) 274-1600

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E. Martin Davidoff is a Certified Public Accountant and an Attorney at Law with offices in Cranbury, New Jersey. Mr. Davidoff is licensed to practice both professions in New York and New Jersey and is active in many associations. In November of 2018, he joined with Prager Metis CPAs as the Partner-In-Charge of their National Tax Controversy Department.

Mr. Davidoff served as President (2008-2009) of the American Academy of Attorney-CPAs (“AAA-CPA"). He is also the founder of the Internal Revenue Service Liaison Committee, having served as its chair for over a decade.

As a member of the AICPA's Tax Division, Mr. Davidoff has served on the Tax Legislative Liaison Committee. He completed two years on the Executive Committee of the New Jersey Society of Certified Public Accountants (“NJCPA”). He has been serving since 2018 as the Co-Chair to the Federal Practice Committee of the New Jersey State Bar Association - Taxation Law Section. He has also served as President of the Middlesex/Somerset chapter of the NJCPA and as the chairman of the NJCPA Federal Taxation and Membership Committees.

Additional Materials
Redacted Document
Agenda/Supporting Docs
Webinar Technical FAQs
Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
Handout Materials
Presentation Slides
Nasba

NASBA Approved

CPAacademy.org (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.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

Irs

EA Approved

CPAacademy.org (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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

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Prager Metis is a top international advisory and accounting firm with over 100 partners and principals, more than 600 team members, and twenty-three offices worldwide including New York, New Jersey, California, D.C. Metro, Connecticut, Florida, Massachusetts, Nevada, North Carolina, London, UK, Chennai, India and the Metaverse. Clients come to Prager Metis for expert advice that protects and grows the value of their world—whether that world is local or extends across international markets. As one of the nation’s fastest-growing firms offering a full range of accounting, audit, tax, consulting, and international services, Prager Metis helps make Your World. Worth More.