How To Successfully Use The IRS Offer In Compromise Program

  • 01:00 PM ET | 12:00 PM CT | 10:00 AM PT | Duration: 120 Minutes
  • Credit: IRS Credits: 2 | NASBA Credits: 2| Product Code: WEB00348
Contact Person Daniel J. Pilla
Qty
Add to Cart
Express Checkout
Refer To Friend

Webinar Instruction will be emailed on your registered email address 3 days prior to webinar | Web Download / e-Transcript will be shared in 7 working days from the date of webinar

There are over 24 million taxpayers (individual and business) who owe the IRS back taxes. In 2024, only 7,199 taxpayers received an IRS settlement – that is, an IRS offer in compromise. An OIC allows taxpayers to settle their tax bill for less than the amount owed. Why do so few get an OIC?

In this course, find out how the IRS’ offer in compromise program works and understand if your financially distressed client qualifies for an OIC, and if it is the best collection alternative for their circumstances. If they qualify, find out how much it will cost to settle their tax bill. We will cover the OIC rules and walk through a real-life individual and business example of how the OIC works from qualification, to application, through the OIC investigation, and to the final end. We will also get insights as to why many taxpayers do not qualify – and other IRS options that may be more suited to their circumstances.

Session Highlights:
  • Explain IRS collection trends, including utilization of the IRS offer in compromise program
  • Explain the IRS offer in compromise program and how it works
  • Identify whether a client qualifies for an offer in compromise
  • Explain how to calculate the amount they need to settle their tax bill
  • Identify the potential issues that will disqualify a client from an OIC
  • Identify other IRS collection alternatives that may better fit your client's circumstances
  • Identify approximately how many taxpayers owe the IRS back taxes based on a 2024 estimate
  • Identify the percentage of IRS Collection agreements that are ETP/SLIAs
  • Identify the standard QSV on vehicles, boats, and planes
  • Identify how many days a taxpayer has to request an appeal of an OIC

Key topics covered in this course:

  • RS Collection and Tax Debt Update
  • IRS Collection rules and alternatives to full payment
  • Determining ability to pay
  • How the IRS Offer in Compromise works
  • OIC Process and Case Example
  • Business OICs
  • Practical consideration and tips

Credits and Other information:

  • Recommended CPE credit – 2.0
  • Recommended field of study – Taxes
  • Session Prerequisites and preparation: None
  • Session learning level: Basic
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • NASBA Sponsor: 146439
  • IRS Course ID: PJGWS-T-00108-25-O
  • Attendance Requirement:  Yes
  • Session Duration: 2 Hours
    • Case Studies and Live Q&A session with speaker
    • PowerPoint presentation for reference

Who Will Benefit:

  • CPA
  • Enrolled Agents (EAs)
  • Tax Professionals
  • Attorneys
  • Other Tax Preparers
  • Finance professionals
  • Financial planners
Coder Archives 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 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.
 
Speaker Profile:
Daniel J. Pilla is a tax litigation consultant, premier proponent and advocate of taxpayer rights. For over three decades, Dan has been tremendously successful in his negotiations with the IRS. Regarded as one of the country’s premiere experts in IRS procedures, Dan provides people across the country with sound solutions to their tax-related problems. He has helped countless thousands of citizens solve personal and business tax problems they thought might never be solved. Furthermore, Dan’s proven techniques can effectively prevent IRS problems before they begin.
 
Dan is the author of over fourteen books, dozens of research reports and hundreds of articles. Dan’s work is regularly featured on radio and television as well as in major newspapers, leading magazines and trade publications nation-wide. His books have been recommended by prominent magazines and financial publications such as the Wall Street Journal, Money, Family Circle, Investor’s Business Daily. The Wall Street Journal ranked Dan's book, “The IRS Problem Solver”, as the number one tax book in America. Dan has written or contributed to major articles for Reader’s Digest, National Review, Reason, USA Today Magazine and others.
IRS Credits
NASBA Credits
1. Are your providing Online Continuing Education Credits?

We are approved to provide CPE/CE credits to Tax Professionals

  • IRS
  • NASBA
2. When are the continuing education credits reported to the IRS, HRCI, NASBA and other regulatory bodies ?

We reports the educational credits to the respective licensing/regulatory bodies in 5 business days.

3. What should I do if I can’t log my account?

The credentials to log into your account is your EMAIL ADDRESS & PASSWORD used during account creation.

  • If you’ve forgotten your password, please go to the login page and click on the ‘Forgot Password.’ Then enter your registered email id to receive the password reset email. Click on the link given in the email to enter your new password.
  • If the face any challenge, please reach out to us via email support@pro2learn.com or contact our support team through live chat support. Our support line is 1-937-865-8027.Our support team is available Monday to Friday from 09:00 AM – 06:00 PM EST/EDT
4. How can I view /access the courses that I have registered for?

When you register for any of our webinars/product, you receive will the instruction 24 hours prior to the conference. Also, the instructions are avilable in your account under ‘My Webinars’ section.

5. How can I cancel my registration?

You can cancel your registration to by email at support@pro2learn.com.  If you cancel your registration for the paid webinar, the amount shall be credited back in your payment method within 7 business days.

6. How can I download the learning materials/Handouts available for the webinars/Seminar?

The conference materials are available 4 hours prior to the webinar. You can download it from the webinar page or by logging to your account.

7. What are the system requirements to attend a live webinar?

Our seamlessly integrated with ZOOM, WebX and, Goto for delivering continuing education webinars. The system requirements are :

  • An internet connection – broadband wired or wireless
  • Speakers and a microphone – built-in, USB plug-in, or wireless Bluetooth
8. What are CPE Package Courses?

Our package courses are the bundles of various continuing education courses which have been specially designed to meet your continuing education requirements for a particular Qualification.

9. What is web download and transcript?
  • The web download is the recording of the webinar. You will receive a link to download and save the webinar on your computer and watch it anytime and multiple times.
  • The transcript is the detailed written material presented during the webinar.
10. What is an On demand session?

On demand session is when we conduct the webinar as per your available dates after the live training. You will get access to the training for 24 hours.

11. How do I access a previously purchased webinar, self-study course, Web Download, or package?

To access a course that you have already purchased, all you must have to create/log in to your account. Click on the "Log In" button in the top right of the screen. Once you are logged in, you will have immediate access to all your purchased CPE courses, packages and other self-service or you can write on support@pro2learn.com.

12. I took a webinar, where is my certificate?

We will email your certificate within 3 working days of the end of the webinar, or you can login your account at www.pro2learn.com. If you don’t receive the email within 3 working days of the end of the webinar, check your spam/junk folder. If it’s not there, we recommend that you send us an email at support@pro2learn.com or connect over the online chatroom.

Recommended Courses

Date Conferences Duration Price Buy
Jun 18, 2020 How To Get Tax Amnesty for your Client? Basics of Forgiveness of IRS Debt 120 min $149 Buy
Aug 13, 2020 How To Get Tax Amnesty for your Client? Basics of Forgiveness of IRS Debt 120 min $149 Buy
Sep 24, 2020 How To Get Tax Amnesty for your Client? Basics of Forgiveness of IRS Debt 120 min $149 Buy
Apr 15, 2021 American Rescue Act of 2021: What it Means for your Income Taxes 120 min $149 Buy
Jun 16, 2021 Cancelling IRS Penalty and Interest Assessments 120 min $149 Buy
Jul 21, 2021 Cancelling IRS Penalty and Interest Assessments 120 min $149 Buy
Apr 29, 2020 CARES COVID-19 relief act: What you and your business need to know 120 min $149 Buy
Nov 13, 2019 Cut That Tax Debt by a Third: How to Cancel Penalty and Interest Assessments 120 min $159 Buy
May 12, 2021 How To Get IRS Tax Amnesty - Eliminate IRS Tax Debt 120 min $149 Buy
Sep 01, 2021 Understand How To Get IRS Tax Amnesty - Eliminate IRS Tax Debt 120 min $149 Buy