Guide to Tax Resolution: Solving IRS Problems (7.5 hrs)

Course Description

Guide to Tax Resolution: Solving IRS Problems – 7.5 hrs. CPE

Tax resolution means providing solutions to businesses and individuals alike who find themselves in trouble with the IRS. To resolve tax matters with the IRS, the IRS’ Offer in Compromise (OIC) program encourages delinquent taxpayers to settle their back taxes—-often for pennies on the dollar. This course covers other options to explore. The areas to be covered are: Offers in Compromise, Wage Garnishments, Bankruptcy, Installment, Delinquent Tax Returns, IRS Bank Levies, Freedom of Information Requests, IRS Payment Plans, Payroll Tax Problems, IRS Audits, Penalty Abatement, Liens, Collection Appeals, IRS Appeals, Innocent Spouse and Expiration of Statutes.  The course also contains step-by-step information needed in order to prepare a complete and accurate Offer in Compromise (Form 656), 433-A, and 433-B.

Course Information

Price: $95

Course No. 7033
Format: Online pdf (162 pages). Printed book available.
Instructional Delivery Method: QAS Self-Study
Prerequisites: General understanding of federal income taxation
Advance Preparation:None
Level: Overview
CPE Credit: 7.5 hrs.
Field of Study: Taxes
Course expiration:  You have one year from date of purchase to complete the course.
Course Revision Date: March 2017


Learning Objectives

Chapter 1 IRS Overview and Taxpayer Rights

IRS Overview and Taxpayer Rights

After reading Chapter 1, participants will be able to:
• Recognize the mission of the IRS and its organization.
• Identify the role of Taxpayer Advocate and the Freedom of Information Act.
• Identify how to select the best tax professional.

Chapter 2 Overview of IRS Payment Options

Overview of IRS Payment Options

After reading Chapter 2, participants will be able to:
• Recognize traits of unfiled tax returns and an Offer In Compromise.
• Identify reasons for Penalty Abatement.
• Recognize when the Collection Statute expires.
• Identify factors in the innocent spouse defense.
• Recognize the reasons the IRS may close a case as uncollectible.

Chapter 3 Statutes of Limitations

Statutes of Limitations

After reading Chapter 3, participants will be able to:
• Recognize three-year statute of limitations.
• Recognize other statute of limitations rules and the steps of the collection process.

Chapter 4 Liens and Levies

Liens and Levies

After reading Chapter 4, participants will be able to:
• Identify steps followed by the IRS when issuing tax liens, levies and wage garnishments.

Chapter 5 Installment Agreements

Installment Agreements

After reading Chapter 5, participants will be able to:
• Outline IRS payment plans.
• Identify specific issues with installment agreements.

Chapter 6 Offers in Compromise

Offers in Compromise

After reading Chapter 6, participants will be able to:
• Recognize key determinants in the OIC application process, including payment options and terms.
• Identify key details about how the IRS handles an Offer In Compromise (OIC).
• Recognize possible actions on submitted and accepted offers.
• Identify issues from the Tax Increase Prevention and Reconciliation Act of 2005 that affect OICs.

Chapter 7 Other Problems and Solutions

Other Problems and Solutions

After reading Chapter 7, participants will be able to:
• Recognize how to use the bankruptcy laws.
• Identify how the bankruptcy laws relate to your tax problems.

Chapter 8 Summary - Frequently Asked Questions

Summary – Frequently Asked Questions

After reading Chapter 8, participants will be able to:
• Recognize a variety of frequently asked questions (FAQs) regarding tax-related matters.



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