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Taxcompromise pitbull

OFFER IN COMPROMISE: INCOME AND PAYROLL TAX CASE STUDY

Cost Free   CPE Credits 1.0 hour     1 hour for EAs (Federal Tax)    Course Id# - HURS9-T-00205-17-O  Subject Area Taxes  Course Level Basic  Instructional Method Group Internet Based  Prerequisites None  Advanced Preparation None  Who should attend? CPA - small firm
CPA - medium firm
Enrolled Agent
Other 
Series: Enrolled Agents, Taxes 
Course Description

This course will demonstrate an actual case study from the instructor’s own experience on how to successfully prepare and win an Offer in Compromise case involving income tax and payroll tax issues. You will learn how to start engagement with a client, request documents, analyze tax problem, read and understand IRS transcripts, evaluate possible tax resolutions, know how to structure your fees, prepare Form 433-A (OIC) and Form 656, negotiate the offer with the IRS and prepare closing letter for a client. In this course instructor will share tips and techniques for a successful resolution of tax liability from a 6-digit to a 4-digit number.

Learning Objectives:


  • Learn what financial information to request from a client

  • Prepare Engagement Letter

  • Evaluate 3 main resolution options: Offer in Compromise, Installment Agreement and Currently Not Collectible Status.

  • Learn how to read IRS Transcripts and what to do with them

  • Identify and prepare necessary Forms and documentation to send to the IRS

  • Establish deductibility of delinquent state and local taxes

  • Determine when to submit more than one Form 656 on a same case

  • Identify offer negotiation strategies

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Pitbull

Irina Bobrova is an Enrolled Agent, Certifying Acceptance Agent and NTPI Fellow and proud that her vast financial training and tax experience has given her the knowledge and tools necessary to analyze and understand multi-faceted tax problems and find targeted tax collection resolutions that work. In her tax resolution practice, Irina has helped hundreds of taxpayers to resolve their tax problems, and particularly excelled in preparing Offer in Compromise cases with successful outcomes. To strengthen her tax knowledge, Irina Bobrova earned her Master of Science in Taxation degree from Northeastern University, Boston MA, which has one of the best graduate tax programs in the country. As Chief Operating Officer and Program Analyst for PitBullTax Software, the leading IRS Tax Resolution Software for CPAs, EAs and Tax Attorneys, she spent years researching IRS regulations and procedures on collection issues and advising tax professionals nationwide on how to prepare successful cases. She also puts her experience to use for the greater good as a regular volunteer at the Low Income Taxpayer Clinic of the Legal Aid Service of Broward County of Florida, helping disadvantaged and financially challenged Floridians for free. Irina’s teaching career includes numerous live webinars for tax professionals and live presentations at various tax conferences. She has taught CPE webinars and live programs for the audiences of ASTPS American Society of Tax Problem Solvers) and Broward Chapter of the FSEA (Florida Society of Enrolled Agents).

Handout Materials
Presentation Slides
Frequently Asked Questions
  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • Multiple attendees: In order to receive CPE for multiple attendees, ensure that at least one person signs up for the webinar. At the completion of the webinar a proctor form is provided. Alternatively, you may also login to your account following the webinar and click on the MY ACCOUNT button where you will find a link to the proctor letter.

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

Pitbull
PitBullTax Software is a revolutionary web-based software designed for CPAs, Tax & Bankruptcy Attorneys, Enrolled Agents, Tax Preparers and Accounting professionals involved in IRS Tax Resolution for their clients. The software has been developed by a dedicated team of professionals with over 100 years of combined successful IRS collection resolution and information technology applications experience. The knowledge obtained over the years has been embedded in the software´s DNA to provide the best possible resolution for each IRS collection case. We are celebrating our 8th year anniversary on the market and would like to help more tax professionals in the United States to build successful representation practices and help their clients resolve IRS problems efficiently. Our presenters are Enrolled Agent, Certifying Acceptance Agent, NTPI Fellow (National Tax Practice Institute) with MST degree (Master of Science in Taxation) and CPA, who taught CPE classes in the past.