A Guide to Tax Resolution - Solving IRS Problems
Field of Study:
Tax resolution means providing solutions to businesses and individuals alike who find
themselves in trouble with the IRS. To resolve tax matters with the IRS, the IRS’ Offer in Compromise (OIC) program
encourages delinquent taxpayers to settle their back taxes—-often for pennies on the dollar. This course covers
other options to explore. The areas to be covered are: Offers in Compromise, Wage Garnishments, Bankruptcy,
Installment, Delinquent Tax Returns, IRS Bank Levies, Freedom of Information Requests, IRS Payment Plans, Payroll
Tax Problems, IRS Audits, Penalty Abatement, Liens, Collection Appeals, IRS Appeals, Innocent Spouse and Expiration
of Statutes. The course also contains step-by-step information needed in order to prepare a complete and accurate
Offer in Compromise (Form 656), 433-A, and 433-B.
After completing this course you will be able to:
- Recognize the mission of the IRS and its organization.
- Identify the role of Taxpayer Advocate and the Freedom of Information Act.
- Identify how to select the best tax professional.
- Recognize traits of unfiled tax returns and an Offer In Compromise.
- Identify reasons for Penalty Abatement.
- Recognize when the Collection Statute expires.
- Identify factors in the innocent spouse defense.
- Recognize the reasons the IRS may close a case as uncollectible.
- Recognize three-year statute of limitations.
- Recognize other statute of limitations rules and the steps of the collection process.
- Recognize the reasons for filing substitute for returns (SFRs).
- Identify steps followed by the IRS when issuing tax liens, levies and wage garnishments.
- Outline IRS payment plans.
- Detail what installment agreements involve.
- Identify the documentation required to complete the oic application.
- Recognize key determinants in the OIC application process, including payment options and terms.
- Identify key details about how the IRS handles an Offer In Compromise (OIC).
- Recognize the financial analysis in determining the amount for an Offer In Compromise.
- Recognize possible actions on submitted and accepted offers.
- Identify issues from the Tax Increase Prevention and Reconciliation Act of 2005 (T1PRA) Section 509 that affect OICs.
- Recognize how to use the bankruptcy laws.
- Identify how the bankruptcy laws relate to your tax problems.
- Demonstrate how to deal you payroll tax problems.
- Differentiate between audits and appeals.
- Recognize a variety of frequently asked questions (FAQs) regarding tax-related matters.
Type of Delivery Method:
Recommended CPE Credits:
Final examination expiration date:
The program participant will have one year from the date of purchase to complete the course and the final examination.
Web CPE is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org