How to Use an Offer in Compromise to Negotiate a Tax Debt (Retired)

Your client has heard a lot about the IRS offer in compromise program – popularized by those deep-voiced TV and radio advertisements that make it sound so simple, that the government is giving away money. Your client owes the IRS and would like to put past mistakes behind him and get a fresh start. The IRS offer in compromise program is legitimate, and it works, but it’s not as simple as advertised. The IRS has very specific formulas that they use in analyzing an offer in compromise.

This course will give you the knowledge of when you should file an offer in compromise, your client’s chances of success, how to use internal IRS criteria to negotiate the best settlement, making financial disclosures to the IRS, completion of the IRS forms, and a full practice example of how the compromise really works.