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IRS Offers-in-Compromise: A Roadmap

This session will cover the IRS offer-in-compromise program, the various options available to taxpayers and how the IRS evaluates your client's offer. We will review the IRS's reasonable collection potential formula and help you identify what the IRS looks at when determining what offer is acceptable.

Objectives

Upon completion of the session, the learner will be able to:

• Identify what different types of offers exist.
• Explain how to select one type of Offer over another.
• Describe how the IRS evaluates offers and reasonable collection potential
• Examine what strategies exist to help your client file an offer with the greatest chance of success
• Understand what to do when the client defaults on their offer

Details

Eric Green, JD, LL.M.

Instructor:

Level:

Intermediate

Prerequisites:

Basic knowledge of taxation and IRS collection procedures

Advanced Preparation:

None

Delivery Method: 

Group Live

CPE credits     Designation     Field of study

IRS

2

AFSP

Federal Tax Law Topic

IRS

2

EA

Federal Tax Law Topic

NASBA

2

CPA

Taxes

CTEC

2

CRTP

Federal Tax Law Topic

CFP Board

0

CFP®

No

How to Earn CPE

Sessions are first come, first served. Registration is not required for individual sessions. To earn CPE, scan your badge on your way into each session. You do not need to scan on your way out. CPAs will receive an additional form at registration to self-report their time out. We strictly abide by the IRS’ CPE rules and turn badge scanners off ten minutes after each session begins. We cannot award CPE if your badge isn’t scanned.