Settling an Outstanding Tax Debt: Offers-in-Compromise, Installment Agreements, Uncollectable Status and Bankruptcy

$195.00

Re-Broadcast on May 23, 2017

When considering a taxpayer’s proposal to resolve their back tax debt, the IRS utilizes special formulas to calculate a taxpayer’s ability to pay. This formula is called Reasonable Collection Potential, or “RCP”. The secret to resolving a taxpayer’s back taxes is to not only understand the process, but to be able to calculate RCP like the IRS and determine who is an Offer-in-Compromise candidate and who should get into an installment agreement. This program will do a deep-dive into how the IRS calculates RCP and the various quirky things that come up when working with the IRS to resolve the taxpayer’s back tax debt. Also, there will be a discussion of bankruptcy and when practitioners should consider utilizing it to resolve a taxpayer’s tax issues.

This course is co-sponsored by Wolters Kluwer.

Key topics to be discussed:

  • How the IRS calculates RCP
  • Issues that arise when working with the IRS to resolve the taxpayer’s back tax debt
  • Bankruptcy: When practitioners should consider utilizing it to resolve a taxpayer’s tax issues

Date / Time: May 23, 2017

  • 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.

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Re-Broadcast on May 23, 2017

eric-greenEric L. Green, Esq. is a partner in Green & Sklarz LLC, a boutique tax firm with offices in Connecticut and New York. The focus of Attorney Eric L. Green’s practice is civil and criminal taxpayer representation before the Department of Justice Tax Division, Internal Revenue Service and state Departments of Revenue Services, as well as handling probate matters and estate planning for individuals and business owners and tax planning for closely held businesses. He is a frequent lecturer on tax topics for CCH, the NAEA, the NATP, the ABA Tax Section and the Connecticut Society of CPAs. Attorney Green has served as adjunct faculty at the University of Connecticut School of Law. He is the author and lecturer of the CCH IRS Representation Certificate Program, and he is a columnist for CCH’s Journal of Practice & Procedure. He is also the founder of The New England IRS Representation Conference.

Mr. Green is a contributing author for Advocating for Low Income Taxpayers: A Clinical Studies Casebook, 3rd Edition, and has also been quoted in The Wall Street Journal, USA Today, Consumer Reports, The Wall Street Journal’s Market Watch, TheStreet.com and CreditCard.com.

Prior to practicing law Attorney Green served as a senior tax consultant for KPMG and Deloitte & Touche.

Attorney Green was the 2010 Nolan Fellow of the American Bar Association and has served as Chair of the American Bar Association’s Closely Held Businesses Tax Committee. Attorney Green is the immediate-past Chair of the Executive Committee of the Connecticut Bar Association’s Tax Section. Eric is a Fellow of the American College of Tax Counsel (“ACTC”).

Attorney Green is also a member of the Connecticut, Massachusetts and New York Bar Associations, as well as the American Bar Association. Attorney Green is admitted to practice in Massachusetts, New York and Connecticut Superior Courts, the United States Tax Court, The Federal Court of Claims and the Federal District Court for Connecticut. Attorney Green received his Bachelor of Business Administration degree in Accounting with a minor in International Business from Hofstra University and is an honors graduate from New England School of Law. He earned a Masters of Laws in Taxation (LL.M.) from Boston University School of Law.

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