When the IRS Comes Calling: Settling with the Tax Man (On-Demand)

$189.00

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 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.  

This course will give you the knowledge of how the IRS really works, how to defend against aggressive IRS actions, and ultimately, reach settlement and case resolution.

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Event Details

Course Type

Original Date Of Course

Course Instructor

Howard Levy, Esq.

General Credits

2

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 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.  

This course will give you the knowledge of how the IRS really works, how to defend against aggressive IRS actions, and ultimately, reach settlement and case resolution.

Principles

  • Learn about the Internal Revenue Code laws and IRS procedures that limit the government’s power to levy income and seize assets.
  • Understand defenses to IRS enforcement actions, including implementing due process and the filing of collection appeals.
  • Discover how the IRS really goes about collecting taxes and how to negotiate with each level of enforcement, from Automated Collection Service to high-level Revenue Officers.  
  • Implement IRS settlement options, including negotiating installment agreements, offers in compromise, hardship forbearance, penalty abatement, and the statute of limitations on collection.

Syllabus

  1. Knock, Knock – Who is at My Door from the IRS?  
  2. The Power of the IRS to Destroy:  What Can the IRS Really Seize, and What Are the Likely Sources?
  3. IRS Seizure Process:  Is There Due Process in IRS Collections?
  4. IRS Collection Enforcement Priorities:  Is it Likely that the IRS Will Take a House?  Retirement Account?
  5. Settling with the IRS:  Offers in Compromise – Myths vs. Reality.  
  6. Negotiating Payment Agreements:  Providing the IRS with Financial Statements.
  7. IRS Forbearance:  Convincing the IRS to Leave an Unpaid Tax Debt Alone.
  8. Bankruptcy Can Eliminate an IRS Tax Debt:  Here’s How.
  9. How Long Can the IRS Collect a Tax Debt?  Expiration Dates on the IRS Collection Power.

Instructor

Howard Levy, Esq.