Offer in Compromise (Half-Day Webinar)

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Although millions of individual and business taxpayers carry unresolved IRS tax debt, only a small percentage successfully secure an Offer in Compromise (OIC). While the OIC program can allow qualifying taxpayers to settle their tax liabilities for less than the full amount owed, improper analysis, incomplete financial evaluations, and procedural errors frequently lead to rejection.

This in-depth, four-hour online course provides tax professionals with advanced, practical guidance on evaluating, calculating, and executing Offer in Compromise cases with confidence. Participants will examine current IRS collection trends, analyze OIC eligibility requirements, perform reasonable collection potential calculations, and walk through both individual and business OIC case studies from start to finish. The course also addresses common disqualifying issues and compares OICs with alternative IRS collection options to ensure practitioners select the most effective resolution strategy for each client’s unique circumstances.

Who Should Attend
This course is designed for tax professionals who want to confidently assess, structure, and execute Offers in Compromise for clients with significant IRS debt.

Topics Covered

• IRS Offer in Compromise fundamentals and legal authority
• Overview of IRS collection alternatives and positioning of the OIC
• Offer in Compromise trends and common acceptance barriers
• Eligibility determination and offer amount calculations
• Financial analysis requirements for OIC submissions
• OIC application preparation and IRS investigation process
• Individual and business Offer in Compromise case studies
• Evaluating alternative collection options when an OIC is not appropriate

Learning Objectives

• Analyze current IRS collection trends and the role of the Offer in Compromise program within IRS enforcement
• Explain the structure, purpose, and legal framework of the IRS Offer in Compromise program
• Evaluate individual and business clients to determine eligibility for an Offer in Compromise
• Calculate reasonable collection potential to determine appropriate OIC settlement amounts
• Identify financial, procedural, and compliance issues that disqualify OIC submissions
• Apply the IRS financial analysis used in OIC qualification and offer calculations
• Execute the OIC application and investigation process using real-world case examples
• Differentiate when alternative IRS collection options provide better outcomes than an OIC

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
Basic understanding of Offer in Compromise

Advance Preparation
None