TELESEMINAR: Offers-In-Compromise: Settling Tax Liabilities with the IRS – A National Perspective
November 28, 2012
12:00 – 1:00 p.m.
1.00 MCLE hours
Offers-in-comprise are a mechanism to settle an outstanding tax liability with the IRS for less than the full amount owed. The offers-in-compromise program is available where there is some doubt as to the collectability or amount of the liability. Offers can be an effective technique for ending an ongoing tax dispute in an efficient manner for less than the amount the IRS is seeking. But it depends on writing and advocating a successful offer. This program will provide you with a guide to drafting and advocating an offer for individuals, including the self-employed and business owners. The program will cover eligibility standards, substantive elements of an offer, the process of submitting and obtaining acceptance of an offer, and provide tips for a successful offer and red flags to avoid.
- Offers-in-compromise for individuals, including the self-employed and business owners
- Eligibility standards for making an offer-in-compromise
- Substantive elements of writing an offer to the IRS
- Detailed review of process for making and advocating an offer
- Offers with deferred payments
- Tips for a successful offer and red flags to avoid
Matthew L. Kadish, Kadish, Hinkel & Weibel, LPA, Cleveland
Stephen J. Turanchik, Paul Hastings, LLP, Los Angeles