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 14, 2011, 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 2011.
This session will explore a variety of Collection topics including bankruptcy, liens, installment agreements, EFTPS, allowable living expenses, and collection due process. Learn the goals and objectives of the Collection function and how they impact the collection process. Become familiar with recent changes that could impact you and your client. Hear about the latest changes to the OIC program, including campus and field processes and other recently issued guidance that can help you better assist your clients. Learn which taxpayers are eligible for an OIC, which ones are not and how to successfully submit a correct OIC for your clients.
By the end of this presentation you will:
- Learn the goals and objectives of the Collection function and how they impact the collection process
- Hear the latest changes to the OIC program
- Understand which taxpayers are eligible for an OIC, which ones are not, and how to successfully submit a correct OIC for your clients
No prerequisites or advanced preparation are required for this seminar.