Course Description
What do you do when the IRS knocks on your client’s door? Fear, anxiety, jail time – many different ideas pop into mind about what the government will do because of a failure to file or pay taxes. But most of what our clients fear is more myth than reality. Think about their anxiety: Is the IRS going to show up one day and seize my house? Levy on my income so I cannot provide for my family? Shut down my business? Take my retirement account? The reality is everything is not fair game for the IRS, and there are limitations on what can be seized, when, and how.
Your clients have rights.
This course will give you knowledge of how the IRS really works, how to defend against aggressive IRS actions, and ultimately, reach settlement and case resolution.
Syllabus
- Knock, Knock – How to handle an IRS agent at your door
- How the IRS collection process really works
- IRS collection due process: Limitations to seizure, rights to appeal, and to litigate
- IRS collection enforcement priorities: Restrictions on IRS seizures of homes and retirement
- How to response to an IRS agent’s demand for financial statements
- Statute of limitations and IRS collection end dates
- Settling with the IRS: Offer in compromise – Myths vs. reality
- Different IRS payment options: Installment agreement or uncollectible