Understanding and Preparing an Offer in Compromise   New

Clients struggling with tax debt may be eligible to settle their liabilities for less than the full amount owed but navigating the IRS Offer in Compromise process is complex. This webinar breaks down the practical steps and professional responsibilities you need to know when preparing and submitting an OIC in today’s environment.

We'll cover eligibility analysis, form preparation, documentation standards, payment terms, and common red flags that delay or derail approval. You’ll also walk away with a sharper understanding of how the IRS evaluates “reasonable collection potential” and how to set realistic expectations with clients.

Originally introduced under the IRS Fresh Start Initiative, the Offer in Compromise program remains one of the most powerful tools available to help eligible taxpayers resolve back taxes. While the “Fresh Start” label is no longer widely used, the expanded criteria and streamlined processes it introduced continue to shape how the IRS handles tax resolution cases. Updated for the latest program guidance and forms, this session is a must-attend for tax professionals working with individuals and businesses facing tax liabilities.

THIS WEBINAR IS NOT ELIGIBLE FOR CTEC OR CFP CREDIT.

Who should attend: CPAs, EAs, and other tax professionals who assist clients with IRS collections, tax debt resolution, or preparation of Offers in Compromise. It’s especially relevant for those advising individuals or small businesses seeking relief from back taxes, payment plan issues, or IRS enforcement actions.