Statistics show that over 30 million individual taxpayers file a tax return with an unpaid balance due. Unfortunately, some are our clients who fall on hard times and cannot fully pay their tax obligations. Fortunately, there are options when they cannot fully pay their liability. In this course, join Jim Buttonow as he explores the six IRS alternatives when your client cannot fully pay their liability, the IRS collection alternatives. This course will examine the rules and requirements for installment agreements, extensions to pay, and payment deferrals (namely, currently not collectible status). We also give you the fundamental knowledge to answer your client’s question on whether they can “settle their tax bill’ for less than the amount owed (i.e. the IRS offer in compromise qualification rules). At the end of the course, you will have the basic knowledge to identify what alternative is best and be able to execute that alternative in the most efficient and effective manner for your client.

Course Outline:

  • Options for Clients Who Cannot Pay the IRS
  • IRS Collection Alternative Principles
  • How to Set Up a Collection Alternative
  • IRS Collection Statute Expiration Date (CSED)
  • Actions Can Extend the CSED
  • Getting a Payoff Amount from the IRS
  • IRS Forms for Simple Installment Agreements
  • Collection Agreements
  • IRS Online Payment Agreement (OPA)
  • IRS Collection Alternatives - Complex Ability-to-pay Options
  • Components of Determining Ability to Pay
  • Determining Average Monthly Household Income
  • Determining Average Allowable Monthly Household Expenses
  • Three Types of Expenses for Individuals
  • Expenses Limited by IRS Collection Standards
  • 2022 Expense Limitations
  • IRS Form 433 and IRS Expense Limitation Rules
  • Documentation Required for ATP Agreements
  • IRS Forms for Ability to Pay Agreements
  • 3 Types of OICs
  • IRS Offer in Compromise Program
  • Qualifying for an OIC
  • 5 Components of an OIC
  • OIC Qualification/Offer Amount Formulas
  • Two OIC Payment Options
  • OIC Practical Considerations
  • The Realities of the IRS OIC Program
  • Practice Lien and Levy Avoidance
  • Using the Extension to Pay for a Levy Release
  • Lien Avoidance: Use the ETP/SLIA Combo
  • IRS Field Collection
  • Avoid Payment Plan Defaults
  • Appeal Adverse Collection Determinations
  • Get into a Payment Plan to Reduce FTP Penalty
  • Abate Penalties Toward the End of the Payment Plan
  • Changes in IRS Collection Alternatives
  • Reference Guide

What You'll Gain From This Essential Webinar:

  • Identify trends in IRS collection and collection enforcement
  • Recognize how to help your client avoid enforced IRS collection (liens, levies, and passport restrictions)
  • Recognize how to explain IRS collection alternatives
  • Recognize how to determine which alternative is best
  • Recognize and apply the rules for the various types of IRS installment agreements, currently not collectible status, and extensions to fully pay
  • Identify when an offer in compromise is a viable alternative for your client
  • Recognize how to advise your client which IRS collection alternative is best for their situation
  • Identify approximately how many taxpayers currently owe the IRS for back taxes based on recent IRS statistics
  • Identify the IRS form that relates to a balance due notice
  • Identify the type of collection alternatives that can be done online at IRS.gov
  • Identify the IRS collection alternative that has a high level of effort
  • Identify on average, the percent of IRS payment plans that are defaulted each year, mainly due to missed payments and/or new unpaid balances

Who Will Benefit?

CPAs . Enrolled Agents , Attorneys and tax professionals in public practice  that want to help their clients understand the new tax law

Credits and Other information :

  • IRS CPE Credits: 2.0 TAX
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • IRS Course ID: DFFSC
  • Attendance Requirement: Yes
  • Session Duration: 2 Hours
  • Case Studies and Live Q&A session with speaker
  • PowerPoint presentation for reference

1. How can I register for this webinar/course?

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2. Is it possible to register someone else for this course? If so, how can I do that?

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3. What is web download and transcript or On demand session?

 The web download grants access to the webinar recording, enabling you to receive a link to download and save it on your computer for convenient viewing, multiple times.

 The transcript offers comprehensive written material from the webinar, ensuring you have detailed documentation of the content presented.

 On demand session is when we conduct the webinar as per your available dates after the live training. You will get access to the training for 24 hours.

4. Is there an opportunity to ask questions to the speaker during the session?

Each webinar wraps up with a Q&A session, giving you the opportunity to interact with industry experts and receive answers to all your queries.

5. We provide the following CE credits to the professionals on the approved courses.

  • IRS
  • HRCI
  • SHRM

6. When are the continuing education credits reported to the IRS, HRCI, SHRM and other regulatory bodies ?

Your educational credits will be reported to the appropriate licensing and regulatory bodies within 5-7 business days

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  • If the face any challenge, please reach out to us via email support@pioneereducator.com or contact our support team through live chat support.

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Upon registering for any of our webinars or products, you will receive webinar instructions 24 hours before the conference over the your registered mail id with us also check SPAM/JUNK folder. If you’ve not received the instructions, Please reach us at support@pioneereducator.com

9. How can I cancel my registration?

For registration cancellations, please reach out to us via email at support@pioneereducator.com. If you cancel your registration for a paid webinar, expect the refunded amount to be credited back to your payment method within 7 business days.

10. How can I download the learning materials/Handouts available for the webinars/Seminar?

Conference materials will be accessible 4 hours before the webinar begins. You can download them directly from the webinar page or by logging into your account

11. What are the system requirements to attend a live webinar?

Our seamlessly integrated with ZOOM and Gotowebinar for delivering continuing education webinars. The system requirements are :

  • An internet connection – broadband wired or wireless
  • Speakers and a microphone – built-in, USB plug-in, or wireless Bluetooth

12. I took a webinar, where is my certificate?

Your certificate will be sent to you via email within 3 working days after the webinar ends. Alternatively, you can log in to your account at www.pioneereducator.com to retrieve it. If you haven't received the email within this timeframe, please check your spam/junk folder. If you still can't find it, don't hesitate to contact us via email at support@pioneereducator.com or connect with us through the online chatroom.



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