Surgent's A Complete Guide to Offers in Compromise

Available Anytime
Location: Online
2Credits
Technical Business
Registration is Open
FICPA Members
$109.00 Regular Price
Nonmembers
$144.00 Regular Price
Product Code: SU24-OIC2-SSWC
Level: Basic
Vendor: Surgent
Field of Study: Taxes

Overview:

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

Major Topics:

  • 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

Additional Info:

You will receive an email from info@surgent.com with instructions on how to log onto your course shortly.  If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email info@surgent.com. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.