ODX09226: Navigating IRS Collections: The Collection Process

Description

This course is designed for tax professionals seeking to understand and navigate the IRS collection process effectively. Participants will gain indepth knowledge of the various collection methods employed by the IRS, including liens, levies and wage garnishments. Additionall, participants will leand strategies to avoid or halt collection actions and the implications of the statute of limitations on tax collection.

Objective

After attending this presentation, you will be able to... • Identify the stages of the IRS collection process. • Analyze differences between IRS employee designations and their authorities. • Explore strategies to avoid or stop collection actions. • Determine individuals who may represent taxpayers at the various stages of the collection process. • Recall the Taxpayer Bill of Rights. The major topics that will be covered in this course include: • Overview of the IRS collection process. • Taxpayer rights and the Taxpayer Bill of Rights. • Collection due process and appeals. • Installment agreements and offers in compromise. • Wage garnishments, levies, and liens. • Penalties and interest.

Advanced Preparation

None

Required Knowledge

None

Who Should Attend

CPAs, EAs, Tax Professionals, Financial Planners, Investment Advisors, Attorneys, Tax Professionals assisting cleitns with tax resolution