Courses

Surgent's A Complete Guide to Offers in Compromise

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Member Price: $119.00 Non-Member Price: $149.00

Date/Time:: Apr 9, 2025, 11:00am–1:00pm
Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Taxes: 2.00
Fields of Study:: Taxes
Level:: Basic

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.

Objective

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

Designed For

Practitioners who work with OICs and their rules and complexities

Prerequisite

None

Advanced Preparation

None