Doubt as to Collectability (DATC): What Makes These Offers Acceptable?
25 mins
Effective Tax Administration (ETA) Offers
40 mins
Doubt as to Liability (DATL) Offers
48 mins
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 presentation 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 presentation 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.
KEY HIGHLIGHTS OF PROGRAMS:
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 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
Understand the objective of the Offer in Compromise Program
Be able to differentiate between the 3 types of Offers
Have an understanding of a financial analysis within the scope of an Offer
Be able to identify the information required for an OIC
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 (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 (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.
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.
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
myCPE self-study courses are online.
The self-study format allows you to access the material online 24/7 and study at your own pace.
As per NASBA guidelines, you have one year from date of registration to complete each program.
Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
These are Live recorded presentations converted into Self Study (On-Demand Videos).
Refund/Cancellation Policy
For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
Please email to help@my-cpe.com in case of any self study program queries.
Testimonial
4.6
(490)
67%
25%
7%
1%
0%
HB
Harvey Burger, CPA
Jun 8th 2020
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
Darlene Ferrantino, CPA
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
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,
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.
