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Alphabet Soup: Offers In Compromise & Installment Agreements

https://WebToolTip.com

Published 6/2025
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 1.28 GB | Duration: 2h 23m

A Deep-Dive

What you'll learn
How does the IRS determine whether a taxpayer qualifies for an offer in compromise based on doubt as to collectability, and what factors are considered in th
In what ways can the concept of "reasonable collection potential" impact a taxpayer's ability to settle their tax liabilities through an offer in compromise?
Discuss the implications of collateral agreements in relation to offers in compromise. How might these agreements affect a taxpayer's future income and relat
Analyze the circumstances under which the IRS might accept an offer in compromise for effective tax administration, even when a taxpayer has the means to pay
What are the procedural steps a taxpayer must follow when appealing the rejection of an offer in compromise, and how might these steps affect their chances o
How does the IRS's approach to offers in compromise based on doubt as to liability differ from those based on doubt as to collectability, and what are the re
Evaluate the significance of the Collection Information Statement (Form 433) in the offer in compromise process. How does this form influence the IRS's asses
What role does economic hardship play in the IRS's decision-making process regarding offers in compromise, and how might it be substantiated by the taxpayer?
Discuss the importance of compliance with filing and payment requirements after the acceptance of an offer in compromise. What consequences might a taxpayer
How might the concept of public policy and equity considerations influence the IRS's acceptance of an offer in compromise?
Reflect on the potential challenges taxpayers may face when submitting an offer in compromise. What strategies could they employ to improve their chances of
12. In what ways can understanding the IRS's policies regarding offers in compromise empower taxpayers to better navigate their tax obligations and liabilities?

Requirements
No requirements.