Yesterday, the IRS updated the Collection Financial Standards that define allowable living expenses for individual tax debt cases.
You can find the updated standards here.
To prepare you to apply this update, Dan will be presenting an updated version of CTR-111: IRS Collection Financial Standards & Form 433-A next week, on May 5.
Course objectives for this 2-hour CPE class are to:
- Understand the purpose and application of IRS Collection Financial Standards
- Explain each individual expense category and how to apply them.
- Understand the purpose of IRS Form 433-A & 433-F.
- Complete the Form 433 Income & Expense Table (IET).
Financial analysis is one of the two critical first steps you need to take with every Collections case, so it’s something you need to stay up to date on. For complete details and registration, visit:
Academy Members: Attend via the link on the Events calendar.