An Offer-in-Compromise (OIC) allows taxpayers to reach an agreement with the IRS to pay less than the total owed. You'll receive a detailed 6-step guide to requesting an OIC to achieve a reasonable settlement for your client.
This course will cover the following topics:
- Understanding the Offers
- Doubt as to Liability
- Effective Tax Administration
- Doubt as to Collectability
- Influence/optimize the outcome
- Strategies for Offers
- Presenting the Offer
- Setting Expectations
- Plan for Appeals
Prerequisites
No advanced preparation or prerequisites are required for this course.Learning Objective
- Discover and understanding the Offers.
- Explore effective Tax Administration.
- Identify ow to influence/optimize the outcome.
- Recognize the strategies for offers.
- Identify how setting the expectations.
Last updated/reviewed: July 28, 2025
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Eva Rosenberg
EA, CTC, CTRS
INTRODUCTION AND OVERVIEW
- Introduction to Doing Offer-in-Compromise: How to Complete the Form 656 Application 2:16
- OIC Overview 19:57
- Understanding the Offers 9:36
- Doubt as to Liability and Form 656 L 17:48
- Application Checklist and Effective Tax Administration 13:32
- Doubt as to Collectability 11:18
- Strategies for Offer 13:57
- Making The OIC Installment Payments and Presenting the Offer 12:53
CASE STUDY
- Case Study Part 1 12:37
- Case Study Part 2 12:10
- Case Study Part 3 15:22
CONCLUSION
CONTINUOUS PLAY
SUPPORTING MATERIALS
- Slides: IRS Representation Series - Doing Offer-in-Compromise: How to Complete the Form 656 Application PDF
- IRS Representation Series - Doing Offer-in-Compromise: How to Complete the Form 656 Application Glossary/ Index PDF
REVIEW AND TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
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