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Mastering IRS Representation

  • AFSP
  • CPA (US)
  • EA
  • ORTP
  • CRTP
  • Maryland Tax Prep.
  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Course Description

Notices from IRS - and especially from the collection division - scares the assessee. However, as a tax professional and a representative, it is required of us to represent the case of our clients in the best possible way. This is only possible in the interest of an assessee when the representative understands the key workings and requirements of the IRS and IRS representation. Law as a continuously changing system in the interest of the public updates some parts continuously and thus changes the practical applicability and the approach to deal with it. 

Tax and Bankruptcy attorney, Larry Heinkel in this webinar provides a refresher as to how to master IRS representations. It includes all the necessary parts securely divided into the sub-sessions. Please refer to them for a detailed description. 

Session 1- DEALING WITH IRS COLLECTIONS DIVISION (PART I)

Tax professionals must recognize key procedural tactics and planning methods for taxpayers seeking to avoid collections and compliance actions. For those taxpayers already subject to IRS enforcement actions or currently under audit, the time is now to revisit collection solutions based on the impact of COVID-19 and the current state of the economy. Tax Problem Resolution work (or “controversy” work) consists, generally, of representing clients in audits (and possible appeal of an adverse audit); and representing clients with tax debts before the IRS Collections Division. 

This online CE webinar covers the following key topics in session 1:

  • Installment Agreements
  • Requesting Installment Agreements
  • In-Business Trust Fund Installment Agreements
  • Effect of an Installment Agreement


Session 2- PROPER PREPARATION SUBMISSION & NEGOTIATION - OFFERS IN COMPROMISE(OIC)

 This CPE session 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 cover IRS rules for processing Offer applications, how the Offer investigation process works, and some helpful tips for writing better Offers.

This online CPE webinar covers the following key topics in session 2:

  • How does the OICs theory work?
  • How to value assets?
  • How to determine monthly ability to pay?
  • Why it’s important to consider monthly tax obligations as an “expense”?
  • When to file OICs?
  • What are the alternatives of OICs?


Session 3- UNDOING JOINT LIABILITY- NO LONGER MARRIED, INNOCENT SPOUSE RELIEF (ISR)

Married individuals can either file a joint income tax return or, if they choose, may file two separate tax returns. Filing separate tax returns are usually (but not always, as you will see) done to reduce the tax liability. However, if finding the lowest tax liability is your main concern, there are no actual guidelines for determining which filing method you should use. If this is your goal, you need to calculate the tax liability under both scenarios to see which is better. Nonetheless, there are other factors you need to consider.

If the tax is paid, no problem, right? But what if the liability is not paid? Or what if there is a large audit assessment and the debt can’t be paid? Worse, what if they divorce and the audit adjustment was attributable to one former spouse, but IRS is trying to collect from the other, “innocent” one? Learn your options here.

This online continuing education webinar covers the following key topics in session 3:

  • Filing Status Options
  • Innocent Spouse Relief
  • Special Rules for Certain Cases
  • Equitable Relief Options
  • Injured Spouse Relief

Session 4- DEBT FORGIVENESS AND SECTION 108

Debtors with cash flow issues who may be unable to pay their debts without accommodations from their lenders face numerous tax issues, and sometimes tax surprises, in the context of debt workouts and bankruptcy. The American economy is hurting and taxpayers are suffering. People are walking away from their homes and credit card debt. When creditors write off a debt, they are required by law to issue the taxpayer/debtor a Form 1099-C, Cancellation of Debt. It is unfortunate that many taxpayers and their representatives are unacquainted with IRC section 108 which excludes many of these discharges or cancellations of debt from taxable income. Receiving a form 1099-C can be a scary thing for taxpayers, who frequently then call their accountants for help. 

This continuing education course will discuss the various ways or reasons cancellation of debt income can be excluded from income and the consequences of such action including :

  • Issuance of 1099’s
  • Exclusions from Gross Income
  • School loans, gifts, Deductible Debt
  • Bifurcations
  • Form 982
  • Reduction of Tax Attributes

Session 5- DEALING WITH IRS COLLECTIONS DIVISION (PART II)

In Part I, we learned the many “basic” tools in dealing with IRS’ Collections Division. Now we turn to some of the more advanced topics in the “collections” arena.

Facing IRS collections is some of the worst financial stress you can face. If you don’t pay the IRS what you owe, they can seize your assets, garnish your wages and place liens on your property. But the good news is those heart-stopping effects can be easily avoided as long as you communicate with the IRS. Even if you can’t afford to pay what you owe, there are still steps you can take to ensure the IRS doesn’t use their most severe collection actions against you. This CPE webinar will cover what you need to know about the IRS collections process and how to avoid the worst of it.

This online CPE/CE webinar covers the following key topics in session 5:

  • Federal Tax Liens, Levies & Seizures
  • Collection Due Process (CDP) Hearings
  • Multi-Year Non-Filers


Session 6- TRUST FUND RECOVERY PENALTIES

Congress passed a law that provides for the Trust Fund Recovery Penalty (TFRP) to encourage prompt payment of withheld income and employment taxes, including social security taxes, railroad retirement taxes, or collected excise taxes. These taxes are called trust fund taxes because you actually hold the employee's money in trust until you make a federal tax deposit in that amount.

As a result of the Covid-19 pandemic, we may find many companies closing or filing for protection under Chapter 11 of the federal bankruptcy code. In a high percentage of those cases, payroll taxes may not be paid leaving the owners (and others) personally liable for the unpaid trust fund portion of those liabilities. 

This online CPE/CE course covers the following key topics in session 6:

  • How to calculate the trust fund recovery penalty (TFRP)
  • How to minimize exposure to the TFRP
  • How to avoid malpractice when dealing with these volatile cases.


Session 7- ETHICS IRS CIRCULAR 230 - CONTROVERSY SIDE OF CIRCULAR 230

A variety of rules place ethical constraints on the advice that tax practitioners can give clients. This CPE webinar covers statutory, regulatory, and ethical standards governing those who practice in the tax field, emphasizing current issues in the application of the rules of professional conduct, Circular 230 (governing those admitted to practice before the Internal Revenue Service), and provisions of the Internal Revenue Code and the Treasury Regulations governing return preparers

This course is designed to meet the general ethics requirements for CPAs licensed in various states.

This online CPE course covers the following key topics in session 7:

  • IRS Circular 230
  • AICPA Statements on Standards for Tax Services
  • IRS practice issues
  • IRC Sec. 6694(a) tax return practitioner penalty.


Session 8- DISCHARGING INCOME TAXES THROUGH BANKRUPTCY

There are several bankruptcy options that may be filed; Chapter 7, Chapter 11, and Chapter 13 are the most common. Which of these bankruptcy chapters you may be qualified to file depends on many different criteria and questions to be answered.

Since the bankruptcy code has several rules that have to be followed in order to discharge tax debt.​The answer to this question should come from someone like tax attorney Larry Heinkel who has helped thousands of people like you since 1983 to make the right decision for their situation. There are several options to eliminate your tax debt, including

  • a payment plan,
  • a settlement via Offer in Compromise (OIC),
  • challenging the actual amount of the liability,
  • discharging the tax debt through bankruptcy. 

This online CPE webinar covers the following key topics in session 8:

  • Learn how “older” income taxes can be discharged in bankruptcy. 
  • Learn how an OIC is not always the only (or BEST!) option for the affluent taxpayer. 
  • Learn how to make money and avoid malpractice by advising clients and bankruptcy attorneys when and whether a tax debt can be eliminated through bankruptcy.

Click for more webinars on IRS Audit, Representation, and Resolutions

Learning Objectives

  • To identify ways to Obtain Account Transcript, CSED, and other information from IRS to assist in your battle
  • To identify simple strategies to help clients avoid refund offsets in the first place
  • To identify situations when cancellation of indebtedness income may be excluded under section 108
  • How to know if a Notice of Federal Tax Lien has been filed against your client

Recommended For

This IRS-Approved CE course is recommended for CPAs, EAs, AFSPs, and Other tax professionals desiring to master IRS representation skills.

Who Should Attend?

  • Accountant
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 8 CE Credit of Federal Tax Related Matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00296-20-O)
  • 8 CE Credit of Federal Tax Related Matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00296-20-O)
  • 8 CE Credit of Taxes for Annual Filing Season Program (AFSP)
  • 8 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0304)
  • 8 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 8 CE Credit of Federal Tax Related Matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-00296-20-O)

Presenter

About Presenter

Larry Heinkel, LLM

Tax & Bankruptcy Attorney Tax Problem Solver

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.


About Company

Tax Problem Solver

taxproblemsolver.com/

We have a team of seasoned tax professionals (attorneys, CPAs, EAs, former IRS Appeals Officer, etc.) who successfully resolve tax problems for people and companies literally worldwide.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.5

67 Ratings

Excellent

37

Very Good

28

Average

2

Poor

0

Terrible

0

SC

Sunny Crawley, EA

Oct 24th, 2020

Larry is a knowledgeable, excellent discuslsion leader. He has full command of the subject matter and converses in an easy to understand manner. Comes across as wanting to be helpful. A very informative and useful session.

SJC

Steven J Cherwon, ACCT/BK, CPA (US)

Oct 20th, 2020

Mr. Heinkel is a knowledgeable, passionate, professional and came prepared with proven cases to support arguments. He is somebody who clearly hones his craft on a perpetual basis and it was an honor to attend the webinar and learn from him.

LP

Lisa Palumbo, EA

Oct 19th, 2020

Even though I have recently split off from a larger firm and I am just building my practice it is easy to see that this software will help me immensely as I grow. I routinely have at least one or two new clients a year with back tax problems and or penalty abatements to accomplish and across the years this growth will need careful managing.

MB

Mica Byrd, CMA

Jan 17th, 2022

myCPE really have some interesting courses to assist with maintaining the multitude of changes within the industry.

BR

Bonnie Rollins, EA

Dec 30th, 2021

Lots of good information

Mastering IRS Representation

$80

8 Credits

Subject Area

Taxes

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