IRS Collections Resolutions

Overview

Once a taxpayer has received a notice of deficiency, they may still have many options available. We will talk about those options and what is triggered by the various actions taken by the IRS. We will be going through them in the order they need to be pursued to maintain the taxpayer's rights and collection avenues.

Discussion topics include liens and levies, penalty abatements, payment options (installment agreements, offer in compromise, currently not collectible), tolling the CSED, and disputing the Notice of Deficiency (Audit Reconsideration, Collections Appeals and Collections Due Process, Innocent Spouse).

Learning Objectives

Upon completion, students will be able to:

  • identify the process to disputing the Notice of Deficiency issued to your client
  • identify when Audit Reconsideration, Collections Appeals and Collections Due Process, Innocent Spouse options are available
  • recognize liens and levies and when they are in place
  • identify penalty abatement opportunities
  • identify when different payment options are available and their qualifications.
  • identify what tolls the Collections Statute expiration date

Designed For

CPAs, EAs, and other tax professionals
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