CPE: 4 hours
Advanced prep: None
Who should attend: CPAs, enrolled agents, and attorneys
Get the confidence and understanding you need to stand up to the Internal Revenue Service. Learn about what may trigger an audit, how to negotiate with the IRS, settle on appeal, and qualify for an IRS collection program. Represent your client with confidence and evaluate your client's best options for dealing with the IRS.
When you complete this course you will be able to:
The Assessment Process
The Collection Process for tax liens and levies
The IRS process for seizures and sales of taxpayer property
Offers in Compromise
Determine whether a tax liability has been properly assessed against your client.
Identify procedures IRS is required to follow in order to assess the Taxpayer.
Advise taxpayers about how to prevent the filing of federal tax liens and minimize the adverse effects of filed liens.
Advise taxpayers concerning the levy, seizure, and sale of property.
Advise your clients when they may be eligible for an IRS installment agreement.
Understand the circumstances in which an installment agreement is in the client’s best interests.
Advise clients about applying for an offer in compromise.
Complete IRS Form 656 and a Collection Information Statement in order to maximize the probability of the offer in compromise being accepted.