Offer in Compromise: The Process (Course and eBook)

Inside This Course:

The Offer in Compromise course takes you deep into the complex territory of negotiating tax settlements with the IRS. You’ll examine eligibility criteria, application procedures, and the strategic approaches that go into crafting a persuasive offer.

The course also covers the guidelines and standards that govern how OIC cases are managed, equipping you with the expertise and strategies needed to optimize a client’s chances of success in what is often a difficult and drawn-out process.

By the end of this course, you’ll have a comprehensive understanding of the eligibility criteria for submitting an Offer in Compromise, including financial hardship, doubt as to liability, and effective tax administration. You’ll know how to use Form 656 along with Forms 433-A and 433-B to disclose financial information and calculate Reasonable Collection Potential using IRS formulas and guidelines, and you’ll have the techniques to prepare and submit a compelling OIC application with the right documentation. Through case studies and real-world scenarios, you’ll navigate the IRS guidelines and procedural changes that shape OIC strategy, and develop the communication skills needed to negotiate effectively with IRS representatives throughout the process.

Upon successful completion, participants will receive a certificate of completion for 2 hours of continuing education in the federal tax law topics category.