It is critical to know 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 an acceptable payment offer is.
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Why Lorman?
Over 36 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
Options If the Taxpayer Owes Money to the IRS
- Installment Agreement
- Offer in Compromise Agreement
- Bankruptcy
Installment Agreements
- Automatic Agreements
- Nonautomatic Agreements
- How to Request an Installment Agreement
- Required Financial Statements
Offer in Compromise
- How to Request an Offer in Compromise
- Required Financial Statements
Internal Revenue Service Review of Submission
- National Standards Used
- Calculation of Minimum Offer Amount
Appeals
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Why Lorman?
Over 36 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
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.
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Why Lorman?
Over 36 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
Katz, Sapper & Miller
- Director in Katz, Sapper and Miller’s Tax Department
- Member of the firm’s Construction Service Group, whose emphasis is on construction contractors
- Conducts seminars and workshops on the construction industry
- Writes articles related to the construction industry
- Member of the American Institute of Certified Public Accountants, Indiana CPA Society and Accounting and Financial Women’s Alliance
- Graduate, with honors and distinction, Indiana University
- Can be contacted at [email protected] or 317-580-2446
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More Program Information
Why Lorman?
Over 36 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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- Course Manuals
- Executive Reports
- White Papers and Articles
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- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
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