Navigating IRS Collections: The Collection Process

Overview

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.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

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.

Prerequisites

None

Designed For

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

Objectives

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.

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by CPA Crossings (messenger@webex.com). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.