Proper Preparation Submission & Negotiation - Offers in Compromise (OIC) 1 Credit
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An offer in compromise (OIC) is an application to settle an IRS tax liability for less than the full amount of tax and penalties that are due for a period to a period. Other than negotiating a simple installment agreement for the repayment of tax debts, Offers in Compromise (OICs) are one of the biggest weapons in a practitioner’s arsenal and can be one of the more lucrative areas of practice as well. With a sample fact pattern, we will take you step-by-step through how an OIC is prepared, submitted, and negotiated.
This continuing education webinar provides an overview of the Offer in Compromise program for tax professionals representing taxpayers with unpaid federal tax obligations and discusses the pros and cons of the Offer program, and briefly covers IRS rules for processing Offer applications, how the Offer investigation process works, and some helpful tips for writing better Offers.
This Online CPE Tax webinar covers the following Key Topics:
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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) 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.
Mr. Heinkel has degrees in accounting,
law and a master’s in tax law (LL.M.) (all with honors) and has been published
in the Notre Dame Law Journal, the Journal of Real Estate Taxation, and The
Florida Bar Journal among others. Mr. Heinkel is a nationally-known expert on
tax procedures and resolution, representing people literally all over the
world. Further, he is also probably one of the very top experts in discharging
taxes in bankruptcy and has presented boot camps, seminars, webinars and other
presentations and on this and resolution-related topics around the country. He also
graciously makes himself available to consult with other professionals around
the country, usually free of charge.
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To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
FR
I like the setting for the class. Practical application, showing strengths and pitfalls of the process, were explained very clearly. It was not just an abstract class teaching the process, but not showing how the rules were applied.
VG
His decades of experience are illustrated in his webinars. Refreshing that "outside the box" questions are welcomed and thoughtfully considered.
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