Tax Resolution - 2019 (Text-Based)

Tax resolution means providing solutions to businesses and individuals alike who find themselves in trouble with the IRS. To resolve tax matters with the IRS, the IRS' Offer in Compromise (OIC) program encourages delinquent taxpayers to settle their back taxes, often for reduced amounts. The areas covered are Offers in Compromise, Wage Garnishments, Bankruptcy, Installment, Delinquent Tax Returns, IRS Bank Levies, Freedom of Information Requests, IRS Payment Plans, Payroll Tax Problems, IRS Audits, Penalty Abatement, Liens, Collection Appeals, IRS Appeals, Innocent Spouse and Expiration of Statutes.

Learning Objectives:

1. Recognize the mission of the IRS and its organization
2. Identify the role of the Taxpayer Advocate and the Freedom of Information Act
3. Identify how to select the best tax professional
4. Recognize traits of unfiled tax returns and an Offer in Compromise
5. Identify reasons for Penalty Abatement
6. Recognize when the Collection Statute expires
7. Identify factors in the innocent spouse defense
8. Recognize the reasons the IRS may close a case as uncollectible
9. Recognize the three-year statute of limitations
10. Recognize other statutes of limitations rules and the steps of the collection process

Instructional Method: Self-Study