Tips for Preparing an OIC
Earn 1 CE Federal Tax with Jessie Seaman, Esq., EA
April 4, 2019 from 3:00 pm - 4:00 pm ET
Live Online IRS Program Number: X9QQU-T-00562-19-O
Self-Study IRS Program Number: X9QQU-T-00562-19-S
Member: $40 Non-Member: $50
This instructor-led seminar will provide the latest information on requesting Offers in Compromise (OIC), Doubt as to Collectability. This course will educate a practitioner on the financial analysis that accompanies OICs, including reviewing the income, expenses, debts, investments, cash, assets, including dissipated assets and future income, to determine the potential of collection. Attendees will know how to prepare the required forms and necessary substantiation to effectively illustrate that the taxpayer(s) cannot fully pay the liabilities within the CSEDs or a reasonable amount of time.
Upon completion of this course, you will be able to:
- Prepare the required IRS forms to submit an Offer in Compromise, Doubt as to Collectability.
- Analyze a client’s income, assets, and liabilities to calculate an acceptable offer.
- Determine a client’s future earning potential.
- Identify when the IRS will claim a client intentionally dissipated assets.
- Instruct clients how to remain compliant throughout the OIC process, and for the next five years if accepted.
Jessie Seaman, Esq., EA
Jessie Seaman, Esq., EA, is a member of NAEA, completing course work for NTPI Fellowship, Florida Bar, Tax Section, and Northeast Florida Enrolled Agent’s Society. She has served as an adjunct professor teaching various courses including Business Law, State and Local Taxation, Contemporary Business Ethics, and an exam preparation class for the Enrolled Agents Examination. Jessie has a passion for tax controversy work because it is ever-evolving, applicable to all, and in many cases unfairly enforced.
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