Offer in Compromises: The different types of Offers and how to use them

Event details

  • Wednesday | April 26, 2017
  • 12:00 pm

Division: Fed Tax
Speakers: Charlotte Erdmann
Location: Tel: (712) 432-0900, Code: 611713
The CLE will be free and worth 1 credit.

Title: Offer in Compromises: The different types of Offers and how to use them

Description: This presentation is a primer on the different types of Offers and how to use them as well as focusing on some finer points of the mechanics of Offers including recent changes to the IRS expense standards as of March 27, 2017.  We will explore challenging liability post assessment the context of Collection Due Process hearings and “Doubt as to Liability” Offers.  We will also discuss “Doubt as to Collectability,” “Special Circumstances,” and “Effective Tax Administration” Offers and how they are organized, the Internal Revenue Manual provisions that can be used to get maximum benefit out of an Offer,  and some quirks with the IRS pre-qualifier tool.  If there is time, we will talk about appealing Offer denials and alternative collection options should an Offer fail.