Webinar

A Complete Guide to Offers in Compromise

This course is designed to assist practitioners in preparing Offers in Compromise (OIC). After this course, you should have an understanding of how proper planning can make a significant difference in the amount eventually paid to the IRS and the resulting financial well-being of your client. This program covers the basics, from choosing the proper forms to utilize through the filing of an appeal if necessary. We will also explain how to increase your chances of having your OIC approved by the IRS by going over the complexities involved.

Objectives

  • Identify the correct forms to use in filing an OIC
  • Explain the three main types of OIC
  • Understand what information should be gathered and put forth in filing an OIC
  • Recognize what aspects of the OIC will increase chances of approval
  • Understand what taxpayers shouldn't do regarding OICs

Highlights

  • Legislative history
  • American Jobs Creation Act of 2004 and changes to IRC Section 6159
  • Comprehensive coverage of the three main types of OIC
  • Doubts as to collectability (DATC)
  • Doubts as to liability (DATL)
  • Effective tax administration (ETA)
  • Hybrid of DATC
  • Detailed walk-through of the process and key terms
  • Practical solutions and success rates
  • Various scams

Additional Information

Designed For

Practitioners who work with OICs and their rules and complexities

Vendor

Surgent

Advanced Preparation

None

Credits

2.00 Taxes

Prerequisite

None

Course Number

2330425

Level of Knowledge

Basic

Add to Cart

View All Courses