Understand How To Get IRS Tax Amnesty - Eliminate IRS Tax Debt
EVENT DATE:
PRESENTER(s): Daniel J. Pilla
This program has been approved NASBA & IRS CPE Credit 2(Taxes)
There’s never been a better time to resolve a delinquent tax problem with the IRS. Not so much because of COVID-19, but because the IRS has a much more open mind when it comes to negotiating delinquent tax debts. The “Fresh Start Initiative,” changes to the Offer in Compromise Program, the Collection Due Process appeal rights, and installment agreement options, all make it possible to pay taxes on your terms, not theirs. On top of that when, the IRS even more willing to negotiate when they know a tax liability is dischargeable in bankruptcy
The Collection Due Process (CDP) appeal is possibly the most important right taxpayers possess. However, if you don’t understand the legal principles behind it, then this powerful right may well be of no use to you. his virtual summit will help you to eliminate wage and bank levies, avoid property seizures and get rid of tax liens. In some cases, you can settle your tax debt for just pennies on the dollar. Daniel J. Pilla has been the nation's leader in taxpayers' rights defense and IRS abuse prevention and cure. Dan has seen every type of tax problem and believes "there is no such thing as a hopeless tax problem." Widely regarded as one of the country's premiere experts in IRS procedures.
- Understand Collection Due Process (CDP) rights- §§6320 and 6330
- Statutory right to an installment agreement – §6159(c)
- Installment Agreements generally (IA)
- Understand The Partial Pay Installment Agreement (PPIA)
- Currently Not Collectible (CNC)
- Forgiveness of Penalties and Interest
- The Offer in Compromise (OIC) – IRC §7122
- Facts About Tax Debts
- How to determine if a tax liability is dischargeable in bankruptcy
Learning Objectives:
- Installment agreement options, including getting a client declare “currently not collectible”
- When Collection Due Process Appeal rights are available and how to invoke them
- The options for challenging the assessment of penalties
- Recognize what creates the tax gap problem
- Determine the job of the tax auditor
- Identify what generates a taxpayer’s DIF score
- Select what TIGTA has referred to as an epidemic facing taxpayers
- Choose an IRS policy designed to minimize a potential collection surprise
- Spot the IRS code section that authorizes an administrative appeal of the imposition of a lien
- Determine how long funds remain in an account after the IRS issues a bank levy
- Spot the first step toward achieving uncollectible status
- Recognize the current stated IRS business practice when faced with collection issues
- Select the compromise reached under an OIC based on doubt as to collectability
- Recommended CPE credit – 2.0
- Recommended field of study – Taxes
- Session Prerequisites and preparation: None
- Session learning level: Basic
- Location: Virtual/Online
- Delivery method: Group Internet Based
- IRS Course ID: PJGWS
- Attendance Requirement: Yes
- Session Duration: 2 Hours
- Case Studies and Live Q&A session with speaker
- PowerPoint presentation for reference
Who Will Benefit:
- Certified Public Accountants (CPAs)
- Enrolled Agents (EAs)
- Tax Professionals
- Tax Attorneys
- Tax Compliance Managers
- Other Tax Preparers
- Accountants