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Wednesday, July 24  |  2:50 p.m. - 4:30 p.m.  |  Concurrent Session

Assisting with Significant Tax Debts in IRS Collections

2 CPE for AFSP, EA, CPA, CRTP             

During this session we will discuss common tools and tactics used to help taxpayers resolve IRS tax debts in complex situations faced by individuals and small business owners. Clients can face a host of drastic consequences, including: 

  • Bank and third-party levies 

  • IRS liens 

  • Garnishments of accounts receivable 

  • Threats of injunctions and business closure in business repeaters or pyramiding (i.e., growing 941 balances) 

  • Assertion of trust fund recovery penalties (pre- and post-assessment balance considerations) 

  • Passport revocation 

We will cover the various forms of offers in compromise, installment agreements and challenges to the underlying liability to help mitigate those drastic consequences. 

Upon completion of this session, you will be able to:

  • Identify the various offers in compromise 

  • Determine when installment agreements are an effective tool for your clients 

  • Summarize when to challenge the underlying tax liability 

CPE information
Duration: 100 minutes
Course level: Basic
Prerequisite: None
Advanced preparation: None
Delivery method: Group Live

Eli Noff

Partner at Frost Law

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