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.
Learning Objectives
- You will be able to define the different options available for negotiating with the Internal Revenue Service.
- You will be able to describe how the Internal Revenue Service determines an acceptable amount for an offer in compromise.
- You will be able to explain the national and local standards used by the Internal Revenue Service as defined in the Internal Revenue Manual.
- You will be able to review the appropriate payment option to negotiate with the Internal Revenue Service and the required forms and financial statements that need to be submitted with the payment option requested.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
| Short-Term Payment Plans | |
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| Installment Agreements | |
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| Offer-In-Compromise Agreements | |
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| Bankruptcy | |
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
Live Webinar Registration
- AIPB 2.0
- This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
Enrolled Agents 2.0
- In accordance with the standards set forth in Circular 230 section 10.6, CE credits have been granted based on a 50-minute hour. This program qualifies for 2.0 Continuing Education Credit(s) for enrolled agents.
CPE 2.0
- Lorman Education Services 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 web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: . Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
OnDemand Course
This course was last revised on September 23, 2016.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Who should attend?
This live webinar is designed for accountants, CPAs, tax managers, tax preparers, CFOs, controllers, enrolled agents, business managers and owners, presidents, vice presidents, CEOs, executives, and bookkeepers.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jolaine L. Hill, CPA
Rosen, Sapperstein & Friedlander, LLC
- Manager at Rosen, Sapperstein & Friedlander, LLC
- Responsible for tax compliance, areas of specialization include construction contractors, not-for-profits, and high net worth individuals
- Conducts seminars and workshops on a variety of topics that include construction contractor issues, not-for-profit issues, and tax compliance for high-net-worth individuals
- Member of the American Institute of Certified Public Accountants, Indiana CPA Society, and MACPA
- B.S. degree, with honors and distinction, Indiana University
- Can be contacted at 410-998-2148 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
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- State Specific Credit Tracker
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