CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

The IRS Offer in Compromise Program

4.6 (1355)

Venar Ayar, JD

Ayar Law

Monday, May 10, 2021 | 10:30 AM EDT

  • AFSP
  • CPA (US)
  • 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 Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00147-20-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0166)

1 CE credit of Federal Tax Law for 2021 Annual Filing Season Certificate program( IRS Approved : GEHNZ )

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00147-20-O)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00147-20-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

passive activity loss limitations: working with the complex pal rules & real estate tax issues

(1)

Aug 02, 2021 | 09:00 AM EDT View Details

hiring professional fundraising consultants

Aug 02, 2021 | 09:00 AM EDT View Details

auditing remotely: using current technologies, techniques and methodologies to ensure proper audits during covid-19 pandemic

(1)

Aug 02, 2021 | 09:30 AM EDT View Details

manage your tax bill for 2020 and beyond!

(65)

Aug 02, 2021 | 09:30 AM EDT View Details

corporate external financial reporting decisions

(1)

Aug 02, 2021 | 10:00 AM EDT View Details

everything you need to know about partnerships

(2)

Aug 02, 2021 | 10:00 AM EDT View Details

basis calculations & distributions for pass-thru entity owners schedule k-1 analysis (latest)

(7)

Aug 02, 2021 | 10:00 AM EDT View Details

excel accountant: pivot tables for data analysis

(1)

Aug 02, 2021 | 10:00 AM EDT View Details

quickbooks: tricky & complex situations for advance learners

(31)

Aug 02, 2021 | 10:00 AM EDT View Details

12 powerful tax saving strategies for your small business owner clients

(6)

Aug 02, 2021 | 10:00 AM EDT View Details

forecasting in a time of uncertainty

(1)

Aug 02, 2021 | 10:00 AM EDT View Details

financial modeling using excel

Aug 02, 2021 | 10:30 AM EDT View Details

fraud update - latest

(7)

Aug 02, 2021 | 11:00 AM EDT View Details

yellow book boot camp – introduction to nfp and governmental accounting & auditing

Aug 02, 2021 | 11:00 AM EDT View Details

best overview on individual tax updates latest (basic)

Aug 02, 2021 | 11:00 AM EDT View Details

This Course is Also Available in Self Study (On-Demand)

Click Here

Additional Dates

Aug 11, 2021 | 09:30 AM EDT Register

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 or periods.

This Online CPE Webinar provides a rapid fire 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. The purpose of the Offer in Compromise Program, types of Offers in Compromise, Offer Qualifications and Financial Analysis, how the IRS processes Offers, and potential outcomes.

This online webinar will discuss the IRS’ Offer in Compromise program. We will be covering the program’s objectives and what’s new with the Offer program. We will also briefly discuss the Offer in Compromise Pre-Qualifier Tool.

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 or periods.

This Online CPE Webinar covers following Key Topics:

  •  Know the IRS offer in compromise program
  •  Learn how the OIC program works
  •  What makes these offers acceptable (DATC)?
  •  Learn effective tax administration
  •  Clear your doubts as to liability offers

This online webinar is useful for any proactive, current or prospective, Circular 230 practitioner that understands the IRS is ramping up the "close the tax gap". Tax practitioners who want to protect their existing clients from IRS' predatory collections action and grow their business into this rapidly expanding market.

Learning Objectives

  • To identify the objective of the Offer in Compromise Program
  • To recognize the differentiate between the 3 types of Offers
  • To recall the financial analysis within the scope of the webinar
  • to identify the information required for an OIC
  • To recognize the potential outcomes of an OIC

Who Should Attend?

  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Entrepreneurial CPA
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Firm
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

Array
(
    [no_of_record] => 1355
    [average] => 4.6148
)
 

4.6

(1355)
68%
27%
5%
0%
0%

HB

This presenter was excellent. His speaking style is concise and easy to understand. He presents the right amount of theory, practice tips, and application examples. I will look to further courses from him in the future.

DF

I once had a taxpayer who needed to do an installment agreement but I did not know enough at the time to do what he required. Thanks to this webinar, I now have the knowledge to handle the IRS and OICs if the need should arise.

MB

Excellent information. Speaker explained clearly and Slides were very helpful. This is a course everyone offering accounting and tax services should attend. The speaker's detailed knowledge was an essential part of the presentation.

DN

This was a very good webinar, very informative. I have had clients in the past that had to make IRS arrangements and had to deal with our Senior Tax Advisors. With this class, I will be able to answer more questions for my clients on my own.

CB

Venar has much good information to share which is quite useful to the practicing tax accountant. His webinar was helpful for me. He displays much knowledge in his field. Great presentation!

SO

Mr.Ayar once again provided a detailed explanation of how Offers-in-Compromise works. I feel confident that I can prepare a client in the best way possible to ensure their offer will be accepted.