Surgent's A Complete Guide to Offers in Compromise

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.

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

Prerequisites

None

Designed For

Practitioners who work with OICs and their rules and complexities

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

Preparation

None

Notice

This on-demand webcast can be taken at any time of your choosing and is valid for one year from the date of purchase. No live instructor is present, and an exam is required to earn credit. You must score 70% or higher to earn the certificate.

How do I access my Self-Study Package?

Visit https://www.surgentcpe.com/login and enter your username (your LCPA email address) and password. If you do not remember your password, press the "Forgot?" button to receive a password reset email. Once logged in, the page will refresh to display your account menu on the left side.