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IRS Collections Representation Level 1: Bensalem, PA

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Hampton Inn & Suites Philadelphia/Bensalem

3660 Street Road

Bensalem, PA 19020

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Early Bird Registration: Register by November 27 and save $50.

IRS Collections representation, commonly referred to as tax resolution, is one of the most lucrative services you can offer as a tax professional. Right now, over 14 million taxpayers owe back tax liabilities to the federal government. In this full day seminar, attendees will take a "deep dive" into the core principles of resolving IRS liabilities, including a structured approach to case work, application of IRS Collection Financial Standards, and the resolution strategies that will apply to over 90% of all cases you'll work.

During this course, you will not only learn the applicable tax law and IRM procedures, but also participate in hands-on learning exercises to apply the material in a case study fashion.

Boxed lunches will be provided in order to allow for a "working lunch".

Agenda

Mechanics of IRS Collections Case Work (2 CPE hours)

This first session will cover the IRS Collections case work process from YOUR perspective as the practitioner. Attendees will learn a systematic structure for approaching the resolution of tax debt cases, starting from the IRS account research and financial analysis necessary to determine eligibility for resolution options, through the resolution process itself and ongoing compliance monitoring best practices.

Session Objectives

  • Understand the overall process of IRS Collections case resolution.
  • Define the conditions necessary to obtain a case resolution.
  • Understand how to obtain and analyze IRS account information.
  • Determine resolution pathways based on financial condition of the taxpayer.


Collections Financial Standards for Individuals (2 CPE hours)

This session will cover the IRS Collections Financial Standards that apply to 1040 debtors and how to apply them to your client cases. We will explore each specific expense category and how to apply it. We will also cover conditional vs necessary living expenses, and how to argue for inclusion of certain expenses for your client that they may not otherwise be able to claim.

Session Objectives

  • Understand the purpose and application of IRS Collection Financial Standards
  • Explain each individual expense category and how to apply them.
  • Understand the purpose of IRS Form 433-A & 433-F.
  • Complete the Form 433 Income & Expense Table (IET).


IRS Installment Agreements & Currently Not Collectible Status (2 CPE hours)

Contrary to popular belief, about 75% of all tax debtors will wind up on some sort of payment plan to the IRS. This session will cover the six different types of IRS Installment Agreements plus the requirements for CNC status. Attendees will learn how to obtain pending status protection against enforced collections activity. We will also cover the qualifications and and requirements for entering non-collectible status.

Session Objectives

  • Understand the pros and cons of an installment agreement.
  • Define the various types of installment agreements and their qualifications.
  • Understand the installment agreement process.
  • Define the requirements for pending IA status.
  • Define the requirements and processes for entering CNC.


Bonus Sessions: 1031 Exchanges & Marketing Tax Resolution to the Real Estate Niche (2 CPE hours)


Continuing Education Information

Level: Basic
Preparation: None required.
Prerequisite: Attendees should have basic knowledge of IRS assessment processes.
CPA CPE Hours: 7.0 in the Tax subject area, 1 hour in the Communications & Marketing subject area
EA CE Hours: 7.0 in the Federal Tax Law subject area
IRS Program Number: 4Y1UP-T-00033-17-I
NASBA Sponsor ID: 140945

Tax Marketing HQ is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.


About the Instructors

Dan Henn, CPA is an entrepreneur, tax education speaker, author of the “No Holds Barred, Candid Talk About Small Business Success In Florida”, and tax columnist with Florida Today. With over two decades’ worth of expertise, he currently dedicates his time to assisting business owners in saving on taxes and growing their businesses primarily in the areas of real estate taxes and IRS Collection cases.

Stephen Venuti, CPA, MST is a Pennsylvania CPA that specializes in IRS Collections representation and assisting real estate investors with their complex tax matters. Stephen is a 1031 exchange qualified intermediary, and has provided 1031 exchange services to Philadelphia-area real estate investors for over 14 years.



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Hampton Inn & Suites Philadelphia/Bensalem

3660 Street Road

Bensalem, PA 19020

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