IRS Collection Activities ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $145.00
Non-Member Price $167.00
Overview
The Internal Revenue Service has a well-defined tax collection process. The IRS Collection Activities CPE course discusses the types of notices that it provides regarding tax payments, and the steps that it follows when conducting collection activities. The course also covers the responses and appeals activities in which you can engage to deal with specific types of IRS actions, as well as payment plan options for your clients and avenues for tax penalty relief.
Highlights
IRS collection process. Statute of limitations on tax collections. Taxpayer bill of rights. What to do if you are bankrupt. Tax levies. Tax liens. IRS payment plans. Penalty relief options.
Prerequisites
None.
Designed For
CPAs, EAs, CRTPs, and other accounting and tax professionals.
Objectives
Recognize how the IRS is allowed to use a private collection agency. Recall the contents of the Taxpayer Bill of Rights. Recognize the differences between an IRS tax lien and tax levy. Specify the different types of payment plan options available to taxpayers. Recall the situations in which you can be granted tax penalty relief.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $167.00
Member Price $145.00