There are over 24 million taxpayers (individual and business) who owe the IRS back taxes. In 2024, only 7,199 taxpayers received an IRS settlement – that is, an IRS offer in compromise. An OIC allows taxpayers to settle their tax bill for less than the amount owed. Why do so few get an OIC?

In this course, find out how the IRS’ offer in compromise program works and understand if your financially distressed client qualifies for an OIC, and if it is the best collection alternative for their circumstances. If they qualify, find out how much it will cost to settle their tax bill. We will cover the OIC rules and walk through a real-life individual and business example of how the OIC works from qualification, to application, through the OIC investigation, and to the final end. We will also get insights as to why many taxpayers do not qualify – and other IRS options that may be more suited to their circumstances.

Learning Objectives:

  • Explain IRS collection trends, including utilization of the IRS offer in compromise program
  • Explain the IRS offer in compromise program and how it works
  • Identify whether a client qualifies for an offer in compromise
  • Explain how to calculate the amount they need to settle their tax bill
  • Identify the potential issues that will disqualify a client from an OIC
  • Identify other IRS collection alternatives that may better fit your client's circumstances
  • Identify approximately how many taxpayers owe the IRS back taxes based on a 2024 estimate
  • Identify the percentage of IRS Collection agreements that are ETP/SLIAs
  • Identify the standard QSV on vehicles, boats, and planes
  • Identify how many days a taxpayer has to request an appeal of an OIC

Topics Covered

  • IRS Collection and Tax Debt Update
  • IRS Collection rules and alternatives to full payment
  • Determining ability to pay
  • How the IRS Offer in Compromise works
  • OIC Process and Case Example
  • Business OICs
  • Practical consideration and tips

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?

Enroll now on Pioneer Educator. Explore a variety of webinars presented by industry experts. Choose either ‘live webinar’ or ‘on-demand’, and simply click ‘buy now’ to register

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

You can recommend Pioneer Educator to your friends and colleagues. Expand your professional network by getting them enrolled at pioneereducator.com today!

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

7. What should I do if I can’t log my account?

The credentials to log into your account is your EMAIL ADDRESS & PASSWORD used during account creation.

  • If you’ve forgotten your password, please go to the login page and click on the ‘Forgot Password.’ Then enter your registered email id to receive the password reset email. Click on the link given in the email to enter your new password.
  • If the face any challenge, please reach out to us via email support@pioneereducator.com or contact our support team through live chat support.

8. How can I view /access the courses that I have registered for?

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.



Related Products

Navigating IRS Installment Agreements

PRESENTER(s): Charles Montecino
EVENT DATE - 2025-05-14

Ethics for the Tax Professional – 2025

PRESENTER(s): Jason Dinesen
EVENT DATE - 2025-05-22