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Taxcompromise pitbull

OFFER IN COMPROMISE: INCOME AND PAYROLL TAX CASE STUDY

Cost Free
Presentation Length 1.0 hour

Recorded DateAugust 30, 2018
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

This course will demonstrate an actual case study from the instructor’s own experience on how to successfully prepare and win an Offer in Compromise case involving income tax and payroll tax issues. You will learn how to start engagement with a client, request documents, analyze tax problem, read and understand IRS transcripts, evaluate possible tax resolutions, know how to structure your fees, prepare Form 433-A (OIC) and Form 656, negotiate the offer with the IRS and prepare closing letter for a client. In this course instructor will share tips and techniques for a successful resolution of tax liability from a 6-digit to a 4-digit number.

Learning Objectives:


  • Learn what financial information to request from a client

  • Prepare Engagement Letter

  • Evaluate 3 main resolution options: Offer in Compromise, Installment Agreement and Currently Not Collectible Status.

  • Learn how to read IRS Transcripts and what to do with them

  • Identify and prepare necessary Forms and documentation to send to the IRS

  • Establish deductibility of delinquent state and local taxes

  • Determine when to submit more than one Form 656 on a same case

  • Identify offer negotiation strategies

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Irina Bobrova is an Enrolled Agent, Certifying Acceptance Agent and NTPI Fellow and proud that her vast financial training and tax experience has given her the knowledge and tools necessary to analyze and understand multi-faceted tax problems and find targeted tax collection resolutions that work. In her tax resolution practice, Irina has helped hundreds of taxpayers to resolve their tax problems, and particularly excelled in preparing Offer in Compromise cases with successful outcomes. To strengthen her tax knowledge, Irina Bobrova earned her Master of Science in Taxation degree from Northeastern University, Boston MA, which has one of the best graduate tax programs in the country.

As Chief Operating Officer and Program Analyst for PitBullTax Software, the leading IRS Tax Resolution Software for CPAs, EAs and Tax Attorneys, she spent years researching IRS regulations and procedures on collection issues and advising tax professionals nationwide on how to prepare successful cases. She also puts her experience to use for the greater good as a regular volunteer at the Low Income Taxpayer Clinic of the Legal Aid Service of Broward County of Florida, helping disadvantaged and financially challenged Floridians for free. Irina’s teaching career includes numerous live webinars for tax professionals and live presentations at various tax conferences. She has taught CPE webinars and live programs for the audiences of ASTPS American Society of Tax Problem Solvers) and Broward Chapter of the FSEA (Florida Society of Enrolled Agents).

About Our Presenter

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PitBullTax Software is a revolutionary web-based software designed for CPAs, Tax & Bankruptcy Attorneys, Enrolled Agents, Tax Preparers and Accounting professionals involved in IRS Tax Resolution for their clients. The software has been developed by a dedicated team of professionals with over 100 years of combined successful IRS collection resolution and information technology applications experience. The knowledge obtained over the years has been embedded in the software´s DNA to provide the best possible resolution for each IRS collection case. We are celebrating our 8th year anniversary on the market and would like to help more tax professionals in the United States to build successful representation practices and help their clients resolve IRS problems efficiently. Our presenters are Enrolled Agent, Certifying Acceptance Agent, NTPI Fellow (National Tax Practice Institute) with MST degree (Master of Science in Taxation) and CPA, who taught CPE classes in the past.