Overcome Strict Offer-in-Compromise Conditions and Settle Your Clients’ Tax Debt
Securing an Offer in Compromise (OIC) with the Internal Revenue Service (IRS) can be an uphill battle, because the conditions to qualify are so strict. Every year, tens of thousands of OICs are filed, but fewer than 45% are accepted. That’s why clients will come to you seeking help to qualify for an OIC—that is, to pay an amount less than the sum of back taxes owed. Are you prepared to give them the best chance at a favorable IRS evaluation?
Get help from attorney Eric Green. In this instructive webinar, he will guide you through the OIC filing and evaluation process. Green will cover the various forms of OICs, explain how to properly calculate your client’s Reasonable Collection Potential (RCP), and reveal strategies to give your clients the best shot at settling their tax debts.
Using a real-world case study as an example, Green will show you exactly how the IRS assesses the OICs it receives—and how the agency calculates RCP. After attending this session, you’ll understand why the IRS accepts—or rejects— an OIC, so you can be better equipped to come out on the winning end.
This program will reveal:
How the OIC program works
Which of the various types of Offers to use
Why tax compliance is so critical when considering an OIC
How the IRS calculates Reasonable Collection Potential (RCP)
What the role of IRS allowable expenses is
How to maximize your client’s chance of settling back-tax debt
What critical OIC-process steps to follow—as illustrated by the “Joe & Mary case study”
NASBA & IRS Category of Study: Taxes
Who Should Attend
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 non-profit 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...