Financial Based Resolutions: Installment Agreements & Currently Not Collectible

4.6 (214)

Venar Ayar, JD

Ayar Law

Friday, April 30, 2021 | 01:30 PM EDT

  • AFSP
  • CPA
  • EA
  • Tax Preparer
  • CTEC

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax for Oregon Tax Preparers

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

Numerous taxpayers file balances due to tax returns. Some pay it in time, some pay it late, while some cannot pay it in the payable period after it being due. The IRS provides two major financial-based solutions to the taxpayers if they qualify:

  • Installment Agreements
  • Currently Not Collectible Status


This online CPE webinar covers following key topics:

  • The webinar will answer key questions from the tax practitioner’s perspective like “what kind of installment agreement should my client be entered into?” and “what are the requirements for entering into an installment agreement?” 
  • The webinar will also provide a peep into other factors that affect installment agreements, such as Collection Statute Expiration Dates and Full Pay vs. Partial Pay. 
  • The webinar will also explore how Currently Not Collectible Status works and how to determine if your client qualifies for it. 
  • The webinar will discuss things like financial hardships, and situations in which the IRS can’t contact a taxpayer.

This webinar will be a key input provider for the tax practitioners for the clients who need financial-based resolutions. 

Learning Objectives

  • To familiarize with how installment agreements work, including what they are, how to set one up, what’s required, and the different types.
  • To recognize what the Collection Statute Expiration Date (CSED) is, how it works, and how it applies to tax debt.
  • To explore how an Installment Agreement is rejected and what happens when the IRS decides to terminate an existing Installment Agreement.
  • To define Currently Not Collectible Status, and how to qualify a client, whether an individual or a business.
  • To explore how to establish hardship.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Testimonial

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(
    [no_of_record] => 214
    [average] => 4.5935
)
 

4.6

(214)
68%
24%
6%
1%
0%

TS

This one was better than some I have done thanks.

JT

Loved it

VS

Great webinar

CED

myCPE platform was great

HW

Easy to follow, clear lecture

KA

Amazing webinar. I learned a lot within the hour.