How to Settle an Outstanding Tax Debt: Resolving and Defending Your Client’s Choices (On-Demand)

$169.00

The Internal Revenue Service Collection Process, by statue and structure, targets full payment requiring a complete review of a Taxpayer’s assets and liabilities. Taxpayers unable to pay the full amount have a limited number of options defined by the IRS, not Congress, and one defined by the Bankruptcy Code.

The course will examine the statutes, the IRS collection structure, the options offered by the IRS, the basic approach to a collection  problem (“when is a taxpayer  unable to  pay in full within the statute of limitations”) and how to evaluate  all of the options and decide which one best suits your client’s needs.

The Internal Revenue Code contains provisions called “Collection Due Process Hearings” to address the IRS’s ultimate collection tools- filing a Notice of Federal Tax Lien and a levy on the tax payer’s money accounts. We will review the administrative hearing, the review by the United States Tax and how that impacts your client’s choice of options and the timing.

This course will define how a tax debt can be discharged in bankruptcy and how bankruptcy compares to an Offer-In-Compromise as more efficient and more effective.

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Event Details

Course Type

Course Instructor

WM. Robert Pope, JR, Esq.

Original Date Of Course

General Credits

2

Course Description

The Internal Revenue Service Collection Process, by statue and structure, targets full payment requiring a complete review of a Taxpayer’s assets and liabilities. Taxpayers unable to pay the full amount have a limited number of options defined by the IRS, not Congress, and one defined by the Bankruptcy Code.

The course will examine the statutes, the IRS collection structure, the options offered by the IRS, the basic approach to a collection  problem (“when is a taxpayer  unable to  pay in full within the statute of limitations”) and how to evaluate  all of the options and decide which one best suits your client’s needs.

The Internal Revenue Code contains provisions called “Collection Due Process Hearings” to address the IRS’s ultimate collection tools- filing a Notice of Federal Tax Lien and a levy on the tax payer’s money accounts. We will review the administrative hearing, the review by the United States Tax and how that impacts your client’s choice of options and the timing.

This course will define how a tax debt can be discharged in bankruptcy and how bankruptcy compares to an Offer-In-Compromise as more efficient and more effective.

Principles

  • The Statute of Limitations – Best Resolution
  • Bankruptcy Discharge – Second Best Resolution – Critical to Understand Timing
  • The Form 433-A – The IRS Be All – End All
  • Offers-In-Compromise – Doubt as to Collectability
  • Payment Plans – Not a Resolution
  • The Collection Due Process Hearing and Tax Court Review

Syllabus

  1. Overview – Goals of the Webinar – Exclusion Goal – A Firm Understanding of Collection Alternatives and the Process Exclusions
  2. The Statutes – Why?
  3. The Structure – Revenue Officers;
  4. ” ACS”; Offer Specialist; and Settlement Officers
  5. The Choices
  6. The Statute of Limitations – The Best
  7. Basic Information
  8. Review Form 433-A
  9. Payment Installments 433-D Full-
  10. Partial- Streamline
  11. Offer-In-Compromise 65% – No Lower Doubt as to Liability Process Form 656
  12. Bankruptcy – Complaint to Discharge
  13. CDP Hearing and Tax Court Review

Instructor

WM. Robert Pope, JR, Esq.

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