Revised and updated for 2021!
In CTR-111, we covered what the IRS allowable living expenses are and how to complete Form 433-A.
In this follow-on class, you will learn how to apply the standards to the benefit of your clients. In addition, you will learn how to argue for conditional expenses on behalf of your client, and how to do everything you legally and ethically can do to position your client’s financial affairs to benefit the client as much as possible, rather than the IRS.
This whole financial analysis process is critical to every tax resolution case that you take on. This financial analysis is what determines the resolution pathway that you will pursue for the client. Without conducting this analysis, you are literally flying blind into the dark and stormy night that is the IRS Collections division.
Combined with transcript analysis (see CTR-107), this comprises the answer to the question of how to start a tax resolution case. Every case is always the same, without fail, and requires transcript analysis and financial analysis in order to know how to proceed.
Course Objectives
- Apply the Collection Financial Standards to client situations.
- Understand the range of possible adjustments to the allowable living expenses.
- Construct reasonable arguments for requesting conditional expenses.
- Execute strategies for legally and ethically minimizing income and maximizing expenses on behalf of clients.
Continuing Education Information
- Delivery Method: Group-Internet
- Credit: 2.0 CE/CPE hours
- CPE Subject Area: Taxes (IRS: Federal Tax Law)
- Prerequisite: Basic knowledge of IRS Collection Financial Standards is required, as covered by CTR-111 or an equivalent course from another provider. The standards themselves will NOT be explained/reviewed during this class.
- Program Level: Basic.
- Advance Preparation: Prior to class, you may wish to refresh yourself on the Collection Financial Standards.
- IRS Program Number: 4Y1UP-T-00117-20-O
- NASBA Registry ID: 140945
- Texas State Board of Public Accountancy CPE Sponsor ID 010474
Tax Marketing HQ is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
About the Instructor
Dan Henn, CPA, CTR™ is an entrepreneur, tax education speaker, author of the “No Holds Barred, Candid Talk About Small Business Success In Florida”, and tax columnist with Florida Today. With over two decades’ worth of expertise, he currently dedicates his time to assisting business owners in saving on taxes and growing their businesses primarily in the areas of real estate taxes and IRS Collection cases.
What Others Are Saying About Our Classes
“Hi, Dan, I just wanted to tell you that I thoroughly enjoyed today’s webinar. I’m a former Revenue Agent (nearly 9 years), and I’ve recently opened my own practice as a tax resolution specialist. Even though I’m pretty familiar with much of what you talked about, I still learned a LOT from your presentation.” -Lori Rodrigues, CPA
“The instructor was knowledgeable and clear.” -Natalie Mitchell, EA
“It gave a great overview of representation, showing me just what areas I want to concentrate on learning more. Great presentation.” -Marsha Tisdale, EA
“Practical information for our practice future.” -Donna Henderson, EA
“Great information source.” -Robert Pavicic, EA
“Jassen is very knowledgeable and boils down complicated information into what is applicable, useable and practical.” -Karen Stevenson, EA
“I like your honesty when presenting the materials such as what works and what doesn’t work.” -Sharon Ishii, EA
“Excellent… Provided a great deal of useful information and gave me food for thought.” -Anthony Nazarowski, EA
“This webinar provided an excellent overview of the tax resolution process. I plan on going deeper for more detailed information as I wish to expand my practice to include tax resolution services.” -Rick Jenkins, EA
“I always enjoy and learn a lot in Jassen and Dan’s webinars, Thank you!” -Jennifer Ginther, EA
“Now I have an idea in which direction I will turn my career. Thank you!” -Yelena Lipovetsky, EA