Negotiating With the IRS – What Are Your Options? (OnDemand Webinar)

$219.00

SKU: 411256EAU

Description

Understand what payment options are available to your clients and how the Internal Revenue Service will evaluate these requests.Many practitioners have clients who are unable to pay current or prior year tax liabilities when those liabilities are due. These practitioners may not be familiar with the options that are available to their clients to pay some or all of these liabilities over time. This topic will provide practitioners with several options available for negotiating payment arrangements with the Internal Revenue Service on behalf of their clients. This topic will explain the forms and financial information that is required to be filed with the Internal Revenue Service under each payment option. The topic will also discuss how the Internal Revenue Service determines what is an acceptable payment offer.

Date: 2024-06-25 Start Time: End Time:

Learning Objectives

Short-Term Payment Plans
• What Are Short-Term Payment Plans?

Installment Agreements
• Types of Installment Agreements
• Modification or Termination of Installment Agreements
• Effects on Collection Activities

Offer-In-Compromise Agreements
• Basics
• Collection Potential
• National and Local Standards for Expenses

Bankruptcy
• Basics Related to Tax Liabilities

Jolaine L. Hill, CPA-Rosen, Sapperstein & Friedlander, LLC