IRS Practice Series: 6 Simple Steps to an Offer-in-Compromise: Completing Form 656

Date: Tuesday, June 20, 2017
Instructor: Eva Rosenberg
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

This course will discuss the various "how to" gather, understand and present documentation to support your case. The course will guide you through the 433 series of forms and explain when each form is used, what the national standards are and when to use them, when and how you can go beyond those standards and the documentation necessary, and helping you clients "plan their expenses" to get the best deal.

As our “thank you for attending” gift, participants registered for this webinar will receive a complimentary electronic issue of Wolter Kluwer’s Journal of Tax Practice & Procedure

Who Should Attend
Any proactive, current or prospective, Circular 230 practitioner that understands the IRS is ramping up the "close the tax gap". Tax practitioners who want to protect their existing clients from IRS' predatory collections action and grow their business into this rapidly expanding market.

Topics Covered

  • Doubt as to Liability
  • Audit reconsideration
  • Innocent/injured spouse
  • Forged return
  • Doubt as to collectability
  • Effective Tax Administration
  • Valuing assets
  • Minimize the required deposits
  • Departure from IRS standards
  • Collateral Agreements
  • Requirements once OIC is accepted
  • Strategies for OIC payments
  • Appeals

Learning Objectives

  • Determining which type of OIC is appropriate
  • Recognize how to prepare the OIC and present the offer


Live webinar

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
IRS Practice Series: Overview of Collection Issues and IRS Practice Series: 10 Steps to Resolving Collection Issues and IRS Practice Series: Hands-on Collections Workshop (or equivalent knowledge).

Advance Preparation

Registration Options
*Note: 3 or more qualifies for discounted Group Participant Fee

Regular Fee$79
Group Participant Fee$59
Unlimited Webinar Pass Fee$0

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