What are the Chances Your OIC Will Be Accepted
Wednesday, August 5th | 2:00-3:00pm Eastern
Enter your information below (exactly as the IRS has it) to register for this event. Include your PTIN number if you would like to receive continuing education credit with the IRS. CPAs & Attorneys do not need to enter a PTIN if they do not need IRS credit.
Course Description
Most rejected offers don’t die over a math error on the 433-A.
They die over things the practitioner never saw coming.
Like the asset your client sold two years before you ever filed. That value can still land back in the reasonable collection potential.
Or the vehicle the IRS decided not to seize. Deciding not to levy an asset doesn’t pull it out of RCP.
Or IRM 5.8.7.7.2, which lets the IRS reject an offer on public policy grounds even when the amount offered is more than they could collect by any other means. Read that one again. More than they could ever collect. Still rejected.
If you’ve had an offer come back and you couldn’t explain to your client why, this is the seminar.
We go through how the IRS actually scores an offer, in the order they score it:
- The four components of collectibility, and the two most practitioners undercount
- What kicks a case out of COIC and over to a field Offer Specialist, and why that should change how you package it
- Assets transferred or disposed before submission, and when the value follows the client
- The non-financial factors: age, health, dependents, education, work history, employment status
- When a partial pay installment agreement collects more than your offer, and what to do about the gap before a rejection letter shows up
- Live polling questions throughout, so you can see where you stack up against the room
- A multiple-OIC scenarios worksheet you can run on your next case Monday morning
Participants will earn: 1.0 CPE/CE credit
Field of Study: Taxation
Price: FREE
Additional Information:
Prerequisites: None
Who Should Attend: Any tax professional that wants to better understand how to represent troubled taxpayers.
Advance preparation: None
Program level: Intermediate – Attendees should possess the knowledge common to CPAs, EAs, and Attorneys.
Delivery Method: Group Live
For more information regarding program concerns, or cancellation
policies, please contact our offices at (716) 630-1650 or send an email to info@astps.org.
The American Society of Tax Problem Solvers is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
The American Society of Tax Problem Solvers (ASTPS) is an approved continuing education provider through the IRS.