Surgent's Mastering the Offer in Compromise: Strategies for Preparation and Negotiation

Overview

This course is designed to equip tax professionals with a deep understanding of the IRS offer in compromise (OIC) program. Participants will learn the strategic, procedural, and practical elements of preparing and negotiating successful OICs for taxpayers facing significant tax liabilities. The course will walk through the eligibility criteria, financial analysis standards, supporting documentation requirements, and techniques to enhance the likelihood of IRS acceptance. Common pitfalls, recent trends, and real-world case studies will also be covered.

Highlights

• Introduction to the OIC program
• Types of OICs
• Eligibility criteria
• Financial analysis
• Offer amount calculation
• Preparing Forms 656 and 433-A(OIC)/433-B(OIC)
• Supporting documentation and strategy
• OIC submission and IRS review process
• Appeals and negotiation techniques
• Best practices and common pitfalls
• Real-world scenarios and case studies

Prerequisites

None

Designed For

Accounting and finance professionals looking for the latest information on filing and negotiating offers in compromise

Objectives

• Prepare accurate and comprehensive Forms 656 and 433-A(OIC)/433-B(OIC)
• Navigate the IRS OIC process, including timelines, required documentation, and appeals
• Identify the various types of OICs (doubt as to collectability, doubt as to liability, effective tax administration)
• Assess client eligibility using the IRS Reasonable Collection Potential (RCP) framework
• Evaluate and document special circumstances for effective tax administration
• Apply negotiation strategies to increase the chances of OIC approval
• Avoid common errors that lead to automatic rejection or return of the offer

Preparation

None