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The IRS Offer in Compromise Program

  • AFSP
  • CPA (US)
  • EA
  • ORTP
  • CRTP
  • Maryland Tax Prep.

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

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  • 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 or periods.

This Online Taxes 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 continuing professional education 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.

This Online CPE/CE Webinar covers the 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 CE 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.

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

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

Recommended For

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

Who Should Attend?

  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Firm
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CE Credit for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00147-20-O)
  • 1 CE Credit for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00147-20-O)
  • 1 CE Credit for Annual Filing Season Program (AFSP)
  • 1 CE Credit for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0166)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit for Enrolled Agents (EA) (Approval No. GEHNZ-T-00147-20-O)

Presenter

About Presenter

Venar Ayar, JD

Principal Ayar Law

Venar Ayar is the principal and founder of Ayar Law and focuses his legal practice on IRS and Michigan tax resolution for both businesses and individuals. He has personally handled a multitude of cases including defending tax audits, negotiating favorable settlements for back taxes, setting up tax payment plans, arranging release of tax liens and levies, defending criminal tax fraud cases and advising those with foreign bank accounts who have not complied with reporting requirements. He represents clients with multi-million dollar assets at stake as well as those with only thousands in assets.

Born and raised in metro Detroit, Michigan, Venar returned to open a tax problem resolution practice when he saw the alarming number of taxpayers struggling due to the downturn in the local economy. He saw there were few qualified and ethical Michigan tax resolution lawyers, but an abundance of scam artists who were taking advantage of taxpayers who needed help.

Prior to opening his Michigan practice, Venar was a tax attorney at RJS Law, southern California’s largest tax law firm. Before working there, Venar worked for several years in metro Detroit as a busy and successful solo tax law practitioner.

In addition to years of experience practicing as a Michigan tax attorney, Venar has owned or operated several small businesses, including an accounting and tax preparation business, supermarkets and a hotel. His business background gives him a solid understanding of the challenges facing small businesses today.

About Company

Ayar Law

ayarlaw.com/

Venar is an award-winning tax attorney ranked as a Top Lawyer in the field of Tax Law. Mr. Ayar has a Master of Laws in Taxation – the highest degree available in tax, held by only a small number of the country’s attorneys. Venar Ayar and his firm are truly competent and ethical Tax Lawyers who will vigorously defend taxpayer rights. We know how to…

  • Protect your bank accounts and property
  • Stop the IRS from harassing you
  • Negotiate settlements for a fraction of the amount

Tax Law is all we do, and we know how things actually work at the IRS. We can favorably resolve your Federal or State, personal or business tax problems – anything from unfiled tax returns to foreign bank account issues.

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.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • 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

4.6

1613 Ratings

Excellent

1087

Very Good

437

Average

82

Poor

6

Terrible

1

DF

Darlene Ferrantino, CPA (US)

May 20th, 2020

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

Melvin Bernard, Tax Pros

May 20th, 2020

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

Dianne Nichols, EA

May 20th, 2020

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

Cathy Blanchard, CPA (US)

May 20th, 2020

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

Stanley Orr, ACCT/BK

May 20th, 2020

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.

The IRS Offer in Compromise Program

$10

1 Credit

Subject Area

Taxes

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