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Proper Preparation Submission & Negotiation - Offers in compromise(OIC)

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • CRTP
  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Course Description

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 period. Other than negotiating a simple installment agreement for the repayment of tax debts, Offers in Compromise (OIC’s) 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 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:

  • 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?

Click here to access more CE courses on IRS Audit, Representation, and Resolutions.

Learning Objectives

  • To identify the theory behind OICs
  • To recall the overriding rule that must be satisfied for an OIC to be accepted
  • To identify the value assets
  • To recognize the monthly ability pay
  • To Know when to file an OIC (and when to wait)

Recommended For

This IRS-Approved CE course for EAs is also recommended for CPAs, AFSPs, Tax Professionals, and Other Professionals helping clients with IRS representation and resolution.

Who Should Attend?

  • Accountant
  • Business Owner
  • California Registered Tax Professional
  • CEO
  • CFO/Controller
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • 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

  • 1 CE Credit of Taxes for Tax Professionals (Approval No. GEHNZ-T-00252-20-O)
  • 1 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00252-20-O)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0260)
  • 1 CE Credit of Taxes for Annual Filing Season Program (AFSP)


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

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.


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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  • 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


217 Ratings



Very Good









Linda Verlanic-keele, EA

Nov 20th, 2020

I do tax resolution. It is very messy and time consuming and involves lots of client emotions. I love the way the software is designed to organize it so that I can put more effort into client psychological counseling.


David Del Rio, Tax Preparer

Nov 19th, 2020

This webinar along with the one done by Larry Heinkel have been some of the best and most informative sessions I have attended this year. I am member of Larry's tax program and I plan to sign up with IRS Solutions. My firm has already reaped immediate financial benefits by becoming a member of Larry's tax program. Thank you.


Yun Zong, EA

Nov 19th, 2020

This webinar is why I only give a '4' to many others. For me, it was a very useful bit of information to put into my practice. I am a sole practitioner with no plan to purchase the software immediately, but neither do I plan to respond to so many IRS letters for free, either. Thanks


Jennifer Eubanks, EA

Nov 19th, 2020

this was a fantastic webinar. wish it had been available a couple of months ago. going thru 3 audits with two different people and the information in this webinar would have been very helpful in the beginning. still learned some very useful information today,


Julie Sholler, EA

Nov 19th, 2020

I am so very pleased that I got into the CPE class on the knick of time. Every CPA should be aware of the options their clients have when owing the IRS at year end. Also....what will happen if they ignore notices and do not pay, I have found that the IRS is sending more letters than ever in my forty year career as a tax professional.

Proper Preparation Submission & Negotiation - Offers in compromise(OIC)


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