TOPIC: Offer In Compromise Case Study (Part 1)

Seminar Description:  Are you getting calls from clients asking to pay “pennies on the dollar” for their tax debts? The IRS Offer in Compromise allows some taxpayers to settle their tax obligations for less than the full amount.  This seminar will be a case study in how to approach filing a successful Offer.

Learning Objectives 

•     How to quickly evaluate whether your client will possibly qualify for an OIC
•     What other collection alternatives should be discussed with your client? 
•     What do you need to get started? 
•     How to use the IRS Collection Standards. 
•     How to value existing assets and find missing assets.
•     Filling out Form 433(OIC) and Form 656.
•     Dealing with your client who has trouble being compliant.
•     Practice tips from a practitioner who has filed many successful OICs.
  

OUR FEATURED SPEAKER

Caren Zahn, EA

Caren Zahn is an Enrolled Agent, the highest credential awarded by the Internal Revenue Service.  She has over 23 years of experience representing individual and business taxpayers in all administrative levels of the Internal Revenue Service (audits, collections, appeals) and before State and Local taxing authorities.  Ms. Zahn is on the staff of Agostino & Associates in Hackensack, NJ which is a boutique Tax Law Firm located in Hackensack, New Jersey.  Caren specializes in offers-in-compromise, installment agreements, innocent spouse, penalty abatements, tax returns, tax return compliance, non-filers and audits.

Caren Zahn volunteers at the US Tax Court Calendar Call and offers tax and controversy assistance to veterans with the Military Assistance Program.  She is a member of the Education Committee and the Mentoring Committee of the New Jersey Society of Enrolled Agents. 

  

CE Credits: 2 IRS CE or  2 CFP® CE or 2 CPA CPE

 

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