Tag Archives: Offer in Compromise

Boot Camp & Jazz!

Posted on March 29, 2013 by Sarah P

Hey jazz fans! ASTPS is kicking off seminar season with Boot Camp in New Orleans – scheduled to take place during Jazz Fest! On April 25-26th, learn the tools to become an expert tax problem solver, and then stick around … Continue reading →

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Update on OIC Processability

Posted on February 20, 2013 by Larry

Collection IRS SBSE Reissues Guidance On Offer in Compromise Case Building Offers in compromise submitted by taxpayers who have unfiled tax returns or who file the offers with less than the full amount of a Tax Increase Prevention and Reconciliation … Continue reading →

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New 433-A & 433-B

Posted on January 18, 2013 by Larry

(IRS) Headliner Volume 334 December 28, 2012 The IRS revised two forms used when obtaining financial information to determine how taxpayers can settle their tax liabilities: Form 433-A (PDF), Collection Information Statement for Wage Earners and Self-Employed Individuals Form 433-B … Continue reading →

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Nonliable Spouse and the OIC

Posted on November 8, 2012 by Larry

Where a taxpayer is offering to compromise a liability for which the taxpayer’s spouse has no liability, the assets and income of the nonliable spouse will not be considered in determining the amount of an adequate offer. The assets and … Continue reading →

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Super Advanced Seminar in Vegas – Early Bird ends TOMORROW

Posted on October 3, 2012 by Sarah P

Early Bird registration ($100 OFF) ENDS TOMORROW for the SUPER ADVANCED IRS Tax Problem Resolution SEMINAR in *VEGAS* !!! Space is filling up quickly, so hop to it! Reserve your seat online: http://astps.org/superadvanced.php    

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Understanding the New OIC Rules

Posted on July 25, 2012 by Larry

The new OIC rules have many subtle benefits worthy of investigation. Recently I met with a prospective client whose situation illustrates the importance of being current in this specialized area of practice. My new (prospective) client, John, presented me with … Continue reading →

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More Problems with The New 433-A(OIC) and 656 Forms

Posted on June 15, 2012 by Larry

The recently updated form 433-A(OIC) was released along with the new rules that allow many more taxpayers to qualify for an Offer in Compromise. This is good news for taxpayers and practitioners alike. However, a taxpayer attempting to complete an … Continue reading →

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Problems With the New 433-A(OIC)

Posted on June 14, 2012 by Larry

The recent changes to the Offer in Compromise program are welcome, albeit confusing, modifications. For example, we are now to able to exclude $1,000 of cash from the Reasonable Collection Potential amount of an Offer in Compromise. The first area … Continue reading →

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We love feedback. See what these recent attendees have to say about Boot Camp.

Posted on June 7, 2012 by Sarah P

“Love the hands on case studies. Nothing beats going through the forms and making errors with the instructor to reinforce the lesson.” “Totally enjoyed. Best tax seminar I’ve attended in over 10 years. Extremely informative and enhancing. Can’t wait to … Continue reading →

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Beware of the Traps in the New 433-A (OIC) Forms

Posted on May 26, 2012 by Larry

On May 21st the IRS made some taxpayer-friendly changes to the Offer in Compromise program. More struggling taxpayers will be eligible to get their taxes back on track. Among the changes are several items that may be excluded from the … Continue reading →

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