The Lien Process - Your Options

$49.00

 

Target Audience:  CPAs, EAs, RTRPs 

Field of Study: Taxation (NASBA); Federal Tax (IRS)

Seminar Level: Beginner

 

 


 

IMPORTANT INFORMATION REGARDING CPE CREDIT: THE IRS RETURN PREPARER OFFICE ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING PROFESSIONAL EDUCATION (CPE) CREDIT FOR ENROLLED AGENTS (EA). IF YOU ARE NOT AN ENROLLED AGENT, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT. 

IRS COMMUNICATIONS AND LIAISON 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.LEARNINGMARKET.ORG.

DISCLAIMER: THIS SEMINAR WAS FILMED IN ORLANDO, FLORIDA, ON July 27, 2010, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

 

The Taxpayer Advocate Service (TAS) delivered this seminar at the IRS Nationwide Tax Forum in Orlando, Florida, in July 2010.

The IRS can file a Notice of Federal Tax Lien (NFTL) when a taxpayer owes a tax debt. An NFTL can be an effective collection tool but can have a devastating impact on the taxpayer, affecting a taxpayer's credit, his or her ability to get financing, find or keep a job, and secure housing and insurance. Ultimately, the NFTL can lead to non-payment of the tax bill. In this session, you will learn about how and when the IRS files liens, options for releasing them, and when it is appropriate to request a lien withdrawal. This seminar will help you help our clients deal with this issue, and to know when it is appropriate to ask for assistance from the Taxpayer Advocate Service (TAS).

By the end of this presentation you will:

 

  • understand the legal basis for a Federal Tax Lien.
  • be familiar with the long-term impact that a Notice of Federal Tax Lien (NFTL) carries.
  • understand IRS policies and procedures for filing a tax lien.
  • know the Internal Revenue Code sections relating to lien certificates.
  • be aware of the IRS Centralized Lien Unit and the Technical Services Advisory Group.

No prerequisites or advanced preparation are required for this seminar.

The Collection Process Balancing Customer Service and Compliance

$49.00

 

Target Audience:  CPAs, EAs, RTRPs 

Field of Study: Taxation (NASBA); Federal Tax (IRS)

Seminar Level: Beginner

 


 

IMPORTANT INFORMATION REGARDING CPE CREDIT: THE IRS RETURN PREPARER OFFICE ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING PROFESSIONAL EDUCATION (CPE) CREDIT FOR ENROLLED AGENTS (EA). IF YOU ARE NOT AN ENROLLED AGENT, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

IRS COMMUNICATIONS AND LIAISON 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.LEARNINGMARKET.ORG.

DISCLAIMER: THIS SEMINAR WAS FILMED IN ORLANDO, FLORIDA, ON July 29, 2010, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

 

The Small Business/Self-Employed operating division delivered this seminar at the IRS Nationwide Tax Forum in Orlando, Florida, in July 2010.

This seminar will explore the IRS collection process focusing on basic Collection practices and initiatives. The session will highlight IRS efforts to improve service so that voluntary compliance is easier and to enforce the law to ensure all taxpayers meet their obligation to pay taxes. IRS speakers will discuss the expectation to work through each case in a timely manner and address how using the appropriate actions and tools helps the IRS better serve the public.

 

By the end of this presentation you will:

  • understand the three basic goals of the IRS collection process.
  • know how the IRS is adjusting its collection process to respond to the taxpayer's economic needs.
  • understand the installment agreement process.
  • understand how and when an Offer in Compromise may be considered.
  • understand how the IRS is considering economic needs in the Federal Tax Lien process.
  • understand how to counsel your clients on employment taxes.

No prerequisites or advanced preparation are required for this seminar.

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