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

2 Hours CE

Difficulty Level

Intermediate

Format

On Demand Webinar

On Demand access for 12 months to the course contents!
And if you are a VIP member, access for the entire duration of your membership.

Included in the course

Slideshows

in PDF format

Participation certificate

in PDF format

Access to the private Facebook group

To interact with other tax professionals

Develop your professional tax knowledge with the best Institute in the country.

The Instructor

Jeffrey Schneider

EA, CTRS, ACT-E NTPI Fellow
Jeffrey Schneider is an Enrolled Agent, (EA), a Certified Tax Resolution Specialist, (CTRS), Advanced Crypto Tax Expert, (ACT-E) and an NTPI Fellow. Jeffrey has been in the field of taxation for over 40 years beginning his career in the public sector and transitioned into private practice in 1999 when he founded SFS Tax & Accounting Services. 

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Course content