Many practitioners believe IRS collection activities to be random when in fact the process is a very direct and formulaic approach to resolving back tax debts. With the economic hit from COVID-19 harming businesses and taxpayers, the IRS made some significant changes to its approach to enforcement.
This program will explain the process so you can easily understand where your client is in the collection process, walk you through the changes made in response to the CARES Act and COVID-19, and point out where the opportunities exist to resolve your client’s back-tax issue. The program includes sample forms and letters so practitioners can see what the various IRS notices look like and recognize them when they show up.
Given there were 25 million taxpayers in trouble BEFORE Coronavirus, IRS Collection is hot and only getting hotter. Join us and Attorney Eric Green to see just why this practice area is so in-demand, and how you can add these services to your existing practice!
- Understand how the IRS Collection Process works
- Explain the impact of the ten-year collection statute on collection alternatives
- Describe how tax liens and tax levies work
- Identify the changes made in response to COVID-19
- Describe what the four collection alternatives are and when to select one over the other
Who Will Benefit:
- Certified Public Accountants (CPAs)
- Enrolled Agents (EAs)
- Tax Attorneys
- Financial Planners
- Other Tax Preparers
- Any person involved in tax preparation or planning for small businesses
Pioneer Educator is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.