IRS OFFERS IN COMPROMISE: A CASE STUDY – CONDENSED VERSION

Events | E. Martin Davidoff | Nov 03, 2021

Don’t miss E. Martin Davidoff, Partner-in-Charge, National Tax Controversy, as he presents at the CPA Academy’s web course “IRS OFFERS IN COMPROMISE: A CASE STUDY – CONDENSED VERSION” on November 16, 2021. This condensed workshop takes participants on a hands-on journey through the financial disclosure aspect of the IRS Offer in Compromise process, including how to effectively complete the appropriate financial disclosure package for individuals.

Course Description:

This condensed workshop takes participants on a hands-on journey through the financial disclosure aspect of the IRS Offer in Compromise (“OIC”) process, including how to effectively complete the appropriate financial disclosure package for individuals (Form 433-A(OIC)). The program will provide you with skills that will enable you to:

  • Compute Reasonable Collection Potential (RCP) for OICs in light of the rules established in May 2012 and updated forms of April 2021
  • Determine acceptable Installment Agreement levels
  • Determine whether a taxpayer qualifies for Currently Not Collectible Status
  • Advise clients regarding pre-submission planning for OICs

Learning Objectives:

  • Recognize how to present financial backup for submissions for Offers in Compromise (“OIC”)
  • Determine the basics in arriving at Reasonable Collection Potential (“RCP”) which is the standard used by the IRS to evaluate OIC submissions
  • Summarize information not generally known in determining RCP

 

Register Today!

2022-02-16T10:26:19-05:00
Events
May 10, 2022
Prager Metis
|

Swing for a Cure

The Prager Metis’s Charitable Foundation is pleased to sponsor Swing for a Cure, our 2nd Annual Golf Classic, along with a Silent Auction, in support of the Alzheimer’s Association.

Read More »

Financial Services, LEADERS OF INFLUENCE: MINORITY CPAS 2022, Hedge Funds accounting , Funds-of-Funds, prager metis financial services, prager metis bank
Advisory
May 09, 2022
Kayo M. Elkner
|

LEADERS OF INFLUENCE: MINORITY CPAS 2022

Prager Metis extends a warm congratulations to Kayo M. Elkner, Director, for being recognized in the Los Angeles Business Journal’s Leaders of Influence: Minority CPAs 2022. The special recognition profiles a cross-section of outstanding professionals for their accomplishments and dedication to their clients, company, community, and the accounting

Read More »