WEBINAR: Representation, Notices, Installment Agreements, OIC, Collections

This class will provide a synopsis on Client Representation, IRS Notices, Installment Agreements, Offer in Compromises, and everything in between. In addition, this session will assist in resolving clients worst tax debts and help them put their financial lives back together. The implementation and types of installment agreements will be reviewed.  Furthermore, an inspection of Partial Pay Installment Agreements and the Currently not Collectible status will be provided. Types of Offers will be analyzed with an emphasis on the Doubt as to Collectability program.  What payment options are available with Offers and how to calculate an amount that the IRS will agree to will be evaluated. Analysis on how to keep taxpayers in compliance with these programs will be discussed and effects on the statute of limitations. 

Learning Objectives

Upon completion of the session, the learner will be able to:

• Client Representation overview
• Critique Taxpayer Bill of Rights
• Use of Engagement Letters
• Conflicts of Interest
• Power of Attorneys
• Statutes
• Explain types of IRS Transcripts
• Explain payment alternatives.
• Analyze Installment Agreements
• Evaluate other types of payment arrangements
• Discuss how and when to effectively use the Offer in Compromise program
• Express the importance of keeping taxpayers in compliance