Many practitioners believe IRS collection activities to be random when in fact the process is a very direct and formulaic approach to resolving back tax debts. This program explains the process so you can easily understand where your client is in the collection process, and where the opportunities exist to resolve your client’s back-tax issue.
DESIGNED FOR
CPAs
BENEFITS
After attending this presentation you will be able to...
- Understand how the IRS Collection Process works
- Explain the impact of the ten-year collection statute on collection alternatives
- Describe how tax liens work
- Understand the mechanics of a tax levy
- Describe what the four collection alternatives are and when to select one over the other
HIGHLIGHTS
The major topics that will be covered in this class include:
- Review of the IRS collection process
- IRS enforcement
- Collection alternatives to resolve an outstanding tax debt
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None