Webinar: Navigating IRS Collections: Overview of Form 433 & OIC

WC712  |  Course  |  Intermediate  |  Scheduled

Description

This course highlights when to use Form 433-A or 433-B, along with documents needed to effectively submit an Offer in Compromise (OIC) or Installments Agreement. Settling tax debts is an important part of the IRS collection process, this course helps guide taxpayer representatives through the process so they may efficiently complete these necessary forms.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Credits

Number of Credits Type of Credits
2.00 Taxes

Designed For

CPAs, EAs, Tax Professionals, Financial Planners, Investment Advisors, Attorneys, Tax Professionals advising clients on IRS collections and resolving tax liabilities

Prerequisites

None

Highlights

The major topics that will be covered in this course include:

  • Overview of the IRS collection process and enforcement actions.
  • Initial notices, taxpayer rights, and IRS timelines.
  • When to use Forms 433-A or 433-B and required documentation.
  • Offer in Compromise (OIC): criteria, process, and practical considerations.
  • Payment options: installment agreements, partial payment plans, and OIC.
  • Advising clients on IRS collections and avoiding penalties.
  • Compliance strategies for minimizing tax liabilities.
  • Real-world scenarios and examples for tax debt resolution.

Objectives

After attending this presentation, you will be able to...

  • Identify the stages of the IRS collection process, from initial notice to enforced collection actions.
  • Recognize when Forms 433-A or 433-B are required and understand the information necessary to complete them.
  • Evaluate the criteria for submitting an Offer in Compromise (OIC) and outline the submission process.
  • Recall the different payment options available to taxpayers facing IRS collections.
  • Determine how to effectively advise clients on navigating the IRS collection process.
  • Minimize potential penalties and ensure compliance during the resolution process.
  • Assess the implications of different settlement strategies, including OIC and installment agreements.
  • Apply practical insights to real-world scenarios for resolving tax liabilities.

Preparation

None

Notes

Webinar Day - HELP and Assistance Instructions

  1. The session will open 30 minutes prior to the start time. At that time, you will receive a reminder email bringing you to your Attendee Dashboard and a link to join the webinar.
  2. We recommend you log in early to ensure you are ready to go when the presentation begins.
  3. IF YOU ARE HAVING TROUBLE LOGGING INTO THE WEBINAR, please call the CPA Crossings Customer Service Team at (877)-370-2220 Ext. #1.

Prices

Member (Early Bird)
$89.00
Non-Member (Early Bird)
$89.00
Member
$89.00
Non-Member
$89.00
Your Price: $89.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

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