Installment Agreements, Offers, and Collections FLEXCAST

Overview

This class will be providing a synopsis on Installment Agreements, Offer in Compromises, and everything in between. The implementation and types of installment agreements will be reviewed. Furthermore an inspection of Partial Pay Installment Agreements and the Currently not Collectible status will be provided. Types of Offers will be analyzed with an emphasis on the Doubt as to Collectability program. What payment options are available with Offers and how to calculate an amount that the IRS will agree to will be evaluated. Analysis on how to keep taxpayers in compliance with these programs will be discussed and effects on the statute of limitations.

Highlights

Collections Overview. Payment Alternatives. Offer in Compromise.

Prerequisites

None.

Designed For

CPAs and other tax professionals.

Objectives

Provide a collections overview including statutes, authority, Levies and Liens. Explain payment alternatives. Analyze Installment Agreements. Evaluate other types of payment arrangements. Discuss how and when to effectively use the Offer in Compromise program. Analyze necessary documents and information needed for these programs. Express the importance of keeping taxpayers in compliance.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.