IRS Representation Series – Doing Offer-in-Compromise: How to Complete the Form 656 Application

An Offer-in-Compromise (OIC) allows taxpayers to reach an agreement with the IRS to pay less than the total owed. You’ll receive a detailed 6-step guide to requesting an OIC to achieve a reasonable settlement for your client.

This course will cover the following topics:

• Understanding the Offers
• Doubt as to Liability
• Effective Tax Administration
• Doubt as to Collectability
• Influence/optimize the outcome
• Strategies for Offers
• Presenting the Offer
• Setting Expectations
• Plan for Appeals