The Internal Revenue Service offers several options for taxpayers who need assistance with paying a tax debt or are unable to pay at all. This webinar by tax attorney Adam S. Fayne will explore the various alternatives available to taxpayers. These options include payment plans, currently not collectible status, and Offers in Compromise.
Practitioners must understand these alternatives to effectively advise their clients on which collection option is suitable for their situation. Not every taxpayer qualifies for a payment plan or an Offer in Compromise. Adam will outline how to approach the IRS, the strategies involved, and the financial statements and information that must (and must not) be provided to the IRS.
This session will provide insight and tools to help 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