Checkpoint Learning

Course Detail

Understanding and Preparing an Offer in Compromise  

CATEGORY: Taxation
2 CPE Credits
Level: Basic

There has been a lot of publicity on the topic of Offers in Compromise and the IRS "fresh start" program. The webinar "Understanding and Preparing an Offer in Compromise" will enable you to:
  • Have an understanding of what the Internal Revenue Service Offer in Compromise is, and what it is not.
  • Identify what taxes may or may not be abated under this program
  • Know what forms are required to be filed as part of the Offer in Compromise and what fees need to accompany the Offer
  • Gather the information you need to prepare an Offer in Compromise
  • Protect yourself as the preparer of some of the required forms and stay out of any penalty situations.
  • Understand when the IRS will consider an Offer
  • Be aware of payment options that are available with an accepted Offer in Compromise
  • Know how the IRS reviews and verifies the submitted forms and accompanying information
NOTE: The voluntary IRS Annual Filing Season Program (AFSP) requires that CE Sponsors collect PTINs from IRS professionals who wish to receive IRS credit. IRS PTIN holders (including Enrolled Agents) should enter their IRS PTIN into Checkpoint Learning so that course completions can be reported to the IRS. You do not need to enter your PTIN for each course you take; you only need to add it once. If you have any questions on how to do this, please contact us 800-231-1860. THIS WEBINAR IS NOT ELIGIBLE FOR CTEC CREDIT.

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