Offer in Compromise
This course explains what an offer in compromise (OIC) is and also explains the settlements the IRS applies. It details the conditions to qualify for an OIC such as the tax returns the taxpayer must have filed, the required estimated tax payments for the current year, and the required federal tax deposits for the current quarter if the taxpayer is a business owner with employees. It also covers the cases in which the IRS won’t accept an OIC, since generally, a taxpayer won’t qualify for an OIC in most cases if the taxpayer can fully pay the liabilities through an installment agreement or other means.
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Hours to be Reported
Does Not Report Hours
Difficulty Level
Intermediate
Format
On Demand
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the Instructor
Jeffrey Schneider
EA, CTRS, ACT-E NTPI Fellow
