Course curriculum

    1. Introduction

    2. Course Handouts

    1. OIC and Legal Authority

    2. Quiz Question: What is an Offer in Compromise (OIC) in relation to tax debt?

    3. Why Should You Incorporate OIC in Your Practice?

    4. Why Should You Incorporate OIC in Your Practice?

    5. Quiz Question: An unenrolled return preparer can represent a taxpayer before the IRS in matters related to tax collection.

    1. Taxpayer Eligibility

    2. Quiz Question: Who is eligible to apply for an Offer in Compromise?

    3. Financial Analysis

    4. Quiz Question: Taxpayers who can fully pay their liabilities through an installment agreement generally qualify for an OIC.

    5. Quiz Question: To apply for an Offer in Compromise, you must complete IRS Form 656 and submit a $205 application fee.

    1. Formulas

    2. Quiz Question: What does the term “Reasonable Collection Potential” refer to in the context of IRS Offers in Compromise (OIC)?

    3. Financial Analysis Components

    4. Quiz Question: What distinguishes an IRS Revenue Officer from an IRS Revenue Agent?

    5. Payment Options

    6. Quiz Question: What compliance steps must a taxpayer complete to qualify for an Offer in Compromise?

    7. Payment Options

    1. Course Quiz

About this course

  • $99.00
  • 20 lessons
  • 1.5 hours of video content
  • (2) Continuing Education Credits

The Fundamentals You Need

Learn about fee exemption guidelines and initial payments based on low-income criteria, along with the IRS's process for evaluating OIC offers. Additionally, the webinar will cover the qualifications required for tax professionals assisting with OIC filings and offer important cautionary advice for taxpayers seeking professional help.

Start Learning

What You'll Learn Inside

  • Learn about Offer in Compromise (OIC) as a debt resolution option for taxpayers, its authority, and importance.

  • Discover the factors considered for OIC eligibility

  • Gain insights into the required forms, application fees, and payment options for OIC

  • Explore how the IRS evaluates OIC offers based on different factors

  • Learn about the qualifications of tax professionals assisting with OIC filings and important cautionary notes for taxpayers seeking professional help

  • Earn (2) continuing education credits