This self-study course provides an overview of the major tools that can be used to settle tax debts with the Internal Revenue Service, including Offers in Compromise and Installment Agreements. It also provides an overview of how the IRS enforces payment of federal taxes, including seizing the property of delinquent taxpayers. This basic tax course does not require any prerequisites and may be taken by anyone, however we recommend this course for existing tax preparers. This course qualifies for 8 CE credits in IRS Federal Tax Law.
- Recognize the impact of the “fresh start” initiative.
- Recognize the various methods the IRS may use to collect federal tax debts.
- Identify qualifications for filing an Installment Agreement with the IRS.
- Identify different methods the IRS can use to settle claims.
- Recognize steps in the process of applying for an Offer in Compromise.
- Identify how long a taxpayer has to appeal an Offer in Compromise.
- Recognize some of the factors the IRS considers in determining the amount the taxpayer should be able to pay under a Doubt as to Collectibility Offer in Compromise.
- Identify differences between the four types of relief from joint and several liability for spouses who filed joint returns.
- Recognize differences between the most common forms of bankruptcy protection.
- Study each Chapter
- Answer review questions at the end of each chapter
- Pass the Final Exam with a score of 70 percent or better
Final Exam and Certification
The final exam consists of 40 multiple-choice questions on the information covered in the course materials. To receive credit for this course, you must click on the Exam below to initiate the exam. A passing score of 70 percent or better will receive course credit and a Certificate of Completion.
- Download Course Materials <–To Download this file to your computer, Right-click the link and chose “Save File As”