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How The IRS Analyzes Taxpayer Finances To Determine Ability To Pay

How The IRS Analyzes Taxpayer Finances To Determine Ability To Pay

1 Credit


Subject Area


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-00328-20-S)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0332)

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

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00328-20-S)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00328-20-S)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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


  • What is Financial Analysis?
    3 mins
  • Business Financials, In General
    12 mins
  • Income - Producing Assets
    19 mins
  • Individual Income
    27 mins
  • How the IRS Verifies Financial Information
    38 mins

Course Description

As a Tax practitioner, you usually have to deal with cases that need clarity about what is the approach of the IRS in analyzing the details from the taxpayer. It is a very useful insight if your clients have to deal with and negotiate with the IRS about what amount they can pay for taxes. 

Especially for the professionals dealing with IRS on a regular basis understanding how the IRS looks at a taxpayer’s financial situation is imperative to success when negotiating resolutions for clients. This provides them the edge over what should be represented and how it should be represented. 

In this online webinar, participants will get a key understanding of:

  • How the IRS analyzes a taxpayer’s finances
  • How IRS secures, verifies, and analyzes financial information 
  • How the IRS will use that information to determine the taxpayer’s ability to pay

This is going to be a very useful webinar for the tax practitioners who wants to win their clients negotiations or represent them efficiently. 

Click to access more webinars on Latest Tax Update CE Webinars | IRS Tax Resolution Webinars | Estate Tax Planning CPE webinars 

Learning Objectives

  • To recognize the purpose of a financial analysis and how it is used to determine a taxpayer’s Reasonable Collection Potential
  • To familiarize with the various Collection Information Statements that the IRS uses to collect financial information
  • To identify the differences between business financial information and individual financial information and how the IRS views both
  • To familiarize with how the IRS looks at expenses as a whole, including the IRS Collection Financial Standards
  • To familiarize with the various ways and methods in which the IRS can verify a taxpayer’s financial information

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Tax Accountant (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros