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Financial Based Resolutions: Installment Agreements & Currently Not Collectible

Financial Based Resolutions: Installment Agreements & Currently Not Collectible

1 Credit

$10

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-00361-20-S)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0364)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00361-20-S)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00361-20-S)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

Overview

  • Full Pay vs. Partial Pay
    4 mins
  • Streamlined Installment Agreements
    12 mins
  • In-Business Trust Fund Express IA
    19 mins
  • IA Rejection Criteria
    29 mins
  • Ways to Pay IRS IA Payments
    35 mins

Course Description

Numerous taxpayers file balances due to tax returns. Some pay it in time, some pay it late, while some cannot pay it in the payable period after it being due. The IRS provides two major financial-based solutions to the taxpayers if they qualify:

  • Installment Agreements
  • Currently Not Collectible Status

This online CPE webinar covers the following key topics:

  • The webinar will answer key questions from the tax practitioner’s perspective like “what kind of installment agreement should my client be entered into?” and “what are the requirements for entering into an installment agreement?” 
  • The webinar will also provide a peep into other factors that affect installment agreements, such as Collection Statute Expiration Dates and Full Pay vs. Partial Pay. 
  • The webinar will also explore how Currently Not Collectible Status works and how to determine if your client qualifies for it. 
  • The webinar will discuss things like financial hardships, and situations in which the IRS can’t contact a taxpayer.

This tax CE webinar will be a key input provider for the tax practitioners for the clients who need financial-based resolutions. 


Click to access more webinars on Latest Tax Updates | IRS Tax Resolution CPE Webinars | Sales & Use Tax CPE webinars 

Learning Objectives

  • To familiarize with how installment agreements work, including what they are, how to set one up, what’s required, and the different types.
  • To recognize what the Collection Statute Expiration Date (CSED) is, how it works, and how it applies to tax debt.
  • To explore how an Installment Agreement is rejected and what happens when the IRS decides to terminate an existing Installment Agreement.
  • To define Currently Not Collectible Status, and how to qualify a client, whether an individual or a business.
  • To explore how to establish hardship.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Senior Accountant
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros

Testimonial

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