How to Use an Offer in Compromise to Negotiate a Tax Debt


Your client has heard a lot about the IRS offer in compromise program – popularized by those deep-voiced TV and radio advertisements that make it sound so simple, that the government is giving away money. Your client owes the IRS and would like to put past mistakes behind him and get a fresh start. The IRS offer in compromise program is legitimate, and it works, but it’s not as simple as advertised. The IRS has very specific formulas that they use in analyzing an offer in compromise.

This course will give you the knowledge of when you should file an offer in compromise, your client’s chances of success, how to use internal IRS criteria to negotiate the best settlement, making financial disclosures to the IRS, completion of the IRS forms, and a full practice example of how the compromise really works.

Key topics to be discussed:

•   As advertised on TV – what are the realities of the IRS offer in compromise program?
•   Tips and pointers to offer in compromise success – how do you get the best deal?
•   The IRS offer in compromise valuation formula – does your client qualify?
•   Full financial disclosure to the IRS – how does the IRS value houses, cars and business assets?
•   Solutions to cash flow valuations – why won’t the IRS allow my client all of their expenses?
•   Knowing your way around the compromise forms – how do you properly complete Form 433A?
•   Practice case example demonstration – how does an OIC work in real life?

Date / Time: February 2, 2018

•   2:00 pm – 4:00 pm Eastern
•   1:00 pm – 3:00 pm Central
•   12:00 pm – 2:00 pm Mountain
•   11:00 am – 1:00 pm Pacific

Choose a format:

•   Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
•   On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.


howard-levy_1Howard Levy, Esq. is a former IRS trial attorney with over 20 years of experience representing individuals and companies facing tax controversies. Howard’s expertise centers on IRS collection and examination problems, tax court litigation, IRS trust fund investigations, IRS referrals to the Department of Justice, and the use of bankruptcy as a method of resolving IRS problems.

Howard is an active contributor to the National Association of Enrolled Agents, writing yearly articles for the EA Journal and teaching courses at the National Tax Practice Institute (NTPI). Howard has been interviewed and quoted in The Wall Street Journal, New York Times, USA Today and NPR radio about the IRS and tax problems.

Based in Cincinnati, Ohio, Howard is a partner in law firm of Voorhees & Levy, LLC. Howard earned his bachelor’s degree in finance from The Ohio State University, law degree from Northern Kentucky University and Masters in Tax Law (LL.M) from Boston University. You can stay continually updated about the IRS from Howard’s blog.

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myLawCLE will seek credit where attending attorneys are primarily licensed for all of its live webinars and live teleconferences, except in states which allow for reciprocity (see reciprocity section below). Credit for CLE in a self-study format is sought for in most states; however, some states do not allow for CLE credit to be earned in a self-study format (see the self-study section below). Many states typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted. For many live events, credit approval is not received prior to the program. Credit hours granted are subject to approval from each state.

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On-demand CLE
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