An offer in compromise can provide meaningful relief for taxpayers facing overwhelming IRS debt, but the process is technical and closely scrutinized. This session breaks down eligibility standards, financial analysis requirements and the documentation needed to submit a credible offer. Leave better prepared to set client expectations and determine when an offer in compromise is truly the right strategy.
Objectives
Upon completion of this session, you will be able to:
Understand the availability and purpose of an offer in compromise
Learn the step-by-step process required for a successful offer in compromise submission
Identify realistic expectations and potential outcomes of the offer in compromise process
Duration: 50 minutes Course level: Intermediate Prerequisite:Basic understanding of federal income taxation Advanced preparation: None Delivery method: Group Live
