Offers-in-Compromise: How to Settle Your Clients Outstanding Tax Debt like a Pro!
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Offers-in-Compromise: How to Settle Your Clients Outstanding Tax Debt like a Pro! (MLC462C)
Learn to prepare an Offer-in-Compromise that Passes the IRS Evaluation to settle your client's Outstanding Tax Debt!
One of the misunderstood yet most fascinating program for both taxpayers and practitioners alike is the IRS Offer-in-Compromise program. Every year around tens of thousands of Offers are filed; however, less than 45% is accepted.
Join this session by expert speaker Eric L. Green, who will walk practitioners through ways to identify a potential Offer-in-compromise candidate, how the IRS will determine your client’s “Reasonable Collection Potential”, strategies that you can create to provide your client the best shot at compromising their tax debt and how the entire program works. You will get an insight on ways to prepare an Offer which will be accepted by learning exactly the way the IRS assesses the offers it receives.
Can the taxes be discharged in bankruptcy?
How much time is left on the SOL
Three types of offers
Effective Tax administration offers
Get to know the different Offer-in-Compromise options and when to use each one
Understand how the IRS will assess your client’s offer
Get to know the role played in the Offer process in tax compliance and why it is so important
Recognize and distinguish between clients who are Offer candidates and those who are not
Strategic steps that can assist client’s in improving their Offer’s chance of getting accepted
The Client – Special Issues and Getting Paid
The Closely Guarded Secret…RCP
The Financial Guidelines
Issues with Offers to look out for
NASBA & IRS Category of Study: Taxes
Who Should Attend
This webinar will provide valuable assistance to all personnel in:
CPAs and Enrolled Agents
Finance and Accounting Professionals
Accounting and taxation firms
Law firms dealing with tax issues
Profit businesses involved in joint ventures with nonprofit organizations
Eric Green is a partner in Green & Sklarz LLC, a boutique tax firm with offices in Connecticut and New York. The focus of Attorney Eric L. Green's practice is civil and criminal taxpayer representation before the Department of Justice Tax Division, Internal Revenue Service and state Departme...