The Internal Revenue Service provides several options when a taxpayer needs assistance paying a tax debt, or cannot pay at all. This webinar by tax attorney, Adam Fayne will discuss the various options available to taxpayers. Those options include payment plans, currently not collectible, and Offers in Compromise. Practitioners need to understand these various options so they can best advise their clients on what collection alternative is appropriate for their situation.
Not every taxpayer is eligible for a payment plan or an Offer In Compromise. During the webinar, Adam will discuss how to approach the IRS, the strategies involved, and the required (and not required) financial statements and information to provide to the IRS.
This webinar will provide insight and tools to assist you and your clients understand how to secure a collection alternative from the IRS – Payment Plan, Offer In Compromise, or Currently Not Collectible Status.
Accountants, tax preparers, CFOs, financial compliance professionals, and lawyers