Navigating IRS Collections: Overview of Form 433 & OIC

This course highlights when to use Form 433-A or 433-B, along with documents needed to effectively submit an Offer in Compromise (OIC) or Installments Agreement. Settling tax debts is an important part of the IRS collection process, this course helps guide taxpayer representatives through the process so they may efficiently complete these necessary forms.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

The major topics that will be covered in this course include:

• Overview of the IRS collection process and enforcement actions.
• Initial notices, taxpayer rights, and IRS timelines.
• When to use Forms 433-A or 433-B and required documentation.
• Offer in Compromise (OIC): criteria, process, and practical considerations.
• Payment options: installment agreements, partial payment plans, and OIC.
• Advising clients on IRS collections and avoiding penalties.
• Compliance strategies for minimizing tax liabilities.
• Real-world scenarios and examples for tax debt resolution.

Who will benefit:

CPAs, EAs, Tax Professionals, Financial Planners, Investment Advisors, Attorneys, Tax Professionals advising clients on IRS collections and resolving tax liabilities

This webcast is hosted on CPA Crossing platform. Attendees will receive instructions on how to attend the webcast via e-mail.