IRS Collection Alternatives – Payment Plans, Offers in Compromise, and More

Event: Live Webinar
Event Date: February 20, 2024
Presenter: Adam Fayne
Event Time: 11 am EST
Duration:60 Minutes

Description:

The Internal Revenue Service provides several options when a taxpayer needs assistance paying a tax debt, or cannot pay at all. This webinar will discuss the various options available to taxpayers. Those options include payment plans, currently not collectible, and Offers in Compromise. Practitioners need to understand these various options so they can best advise their clients on what collection alternative is appropriate for their situation. Not every taxpayer is eligible for a payment plan or an Offer In Compromise. Our expert speaker will discuss how to approach the IRS, the strategies involved, and the required (and not required) financial statements and information to provide to the IRS.

Session Highlights:

  • Overview of IRS Collection Process
  • IRS Payment Plans
  • IRS Offers In Compromise
  • Currently Uncollectible Status
  • Financial Disclosures

Learning Objectives:

This webinar will provide insight and tools to assist you and your clients understand how to secure a collection alternative from the IRS – Payment Plan, Offer In Compromise, or Currently Not Collectible Status.

Who Should Attend:

  • CFO & Controllers
  • CPA’s & EA’s
  • Information Reporting Professionals
  • Accountants
  • Bookkeepers
  • Business Owners
  • Senior Management
  • Tax Professionals
  • Auditors
  • Office Managers

Speaker Profile:

ADAM S. FAYNE is a partner with Saul Ewing Arnstein & Lehr LLP, where he assists companies and individuals, nationally and internationally, on corporate and tax issues. As a corporate attorney, Mr.Fayne routinely advises management or in-house general counsel on various legal matters affecting their day-to-day corporate activities. His experience includes handling matters involving mergers and acquisitions, employment, compliance, litigation, personal injury, vendor contract review and negotiations, employment benefits, financing, real estate and many other issues. Mr. Fayne helps businesses and individuals with tax controversies before the Internal Revenue Service and tax planning, both domestically and internationally. He also handles a variety of white collar criminal matters, both federal and state particularly involving civil and criminal tax fraud, including tax evasion, money laundering and offshore tax compliance. Mr. Fayne‘s knowledge of tax law is informed by his former role as a Special Assistant United States Attorney with the Department of Treasury Internal Revenue Service. He earned his B.A. degree from the University of Arizona, and his J.D. degree, with honors, from Chicago-Kent College of Law.