A Guide To Tax Resolution: Solving IRS Problems (Currently Unavailable)

Author: Jae K. Shim

Need help solving your client's IRS problem? This guide should provide several tax resolutions.

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 pennies on the dollar.

Publication Date: April 2014

Designed For
Tax practitioners who may need some guidance on tax resolution for their individual and business clients.

Topics Covered

• 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.
• Step-by-step information needed in order to prepare a complete and accurate Offer in Compromise (Form 656), 433-A, and 433-B.

Learning Objectives

• Recognize the mission of the IRS and its organization.
• Identify the role of Taxpayer Advocate and the Freedom of Information Act.
• Recognize traits of unfiled tax returns and an Offer In Compromise.
• Identify reasons for Penalty Abatement.
• Recognize when the Collection Statute expires.
• Identify how to select the best tax consulting firm.
• Recognize three-year statute of limitations.
• Recognize other statute of limitations rules and the steps of the collection process.
• Identify steps followed by the IRS when issuing tax liens, levies and wage garnishments.
• Identify steps followed by the IRS when issuing tax liens, levies and wage garnishments.
• Recognize the reasons for filing substitute for returns (SFRs).
• Outline IRS payment plans.
• Detail what installment agreements involve.
• Recognize the reasons the IRS may close a case as uncollectible.
• Identify key details about how the IRS handles an Offer In Compromise (OIC).
• Recognize the financial analysis in determining the amount for an Offer In Compromise.
• Recognize possible actions on submitted and accepted offers.
• Identify issues from the Tax Increase Prevention and Reconciliation Act of 2005 (T1PRA) Section 509 that affect OICs.
• Identify the documentation required to complete the OIC application.
• Recognize key determinants in the OIC application process, including payment options and terms.
• Identify factors in the innocent spouse defense.
• State how to use the bankruptcy laws
• Describe how the bankruptcy laws relate to your tax problems.
• Demonstrate how to deal you payroll tax problems.
• Differentiate between audits and appeals.

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Taxes (8 hours)

Program Prerequisites
None

Advance Preparation
None