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Course Level :Basic
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Credits :1
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
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 (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:
Click here to access more CE courses on IRS Audit, Representation, and Resolutions.
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.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
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 through its website: www.NASBARegistry.org.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
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.
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.
224 Ratings
MS
Nov 21st, 2020
This is a great program from what I heard on the seminar. Regretfully I am a very small one person semi retired preparer. If I was part of a larger practice what I saw and heard would be very very helpful. I think this would be great tool to use to expand one's business. I am going to look up the cost and recommend to larger firms than mine.
RM
May 17th, 2022
Overall, after attending this seminar, I will probably not be doing this type of representation.
MSWI
Dec 16th, 2021
Very informative.
BE
Nov 29th, 2021
None
MS
Sep 21st, 2021
Loaded with information
1 Credit
Subject Area
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