Over the past several years, the Internal Revenue Service has totally revised its system of offers in compromise. Practitioners must comply with increasingly complex rules for settlement of outstanding tax obligations. This class will cover advanced techniques for offers in compromise including: maximizing IRS allowable expense standards, techniques for valuing assets, effective tax administration offers, reducing hassles from campus OIC functionaries, alternatives to avoid the 20% down payment, doubt as to liability offers, collateral agreements, aggressive advocacy, and appealing unsuccessful offers. After this class you will be better equipped to successfully reduce your taxpayer's large tax obligations to more manageable amounts.
CPE: 2 Hours/Taxes
Presented by Robert E. McKenzie, EA, Attorney