OIC 112: Expense Calculation for RCP, Part 2

Video Overview: The Expense Calculation for Reasonable Collection Potential of an Offer in Compromise

Expense Calculation Overview

Retired and Paid-Off Debt

Retirement and Profit-Sharing Plans

Life Insurance Expenses

Charitable Contribution Expenses

Tuition & Education Expenses

Student Loan Expenses

Child Support Expenses

Loans Incurred to Fund Offer

Credit Card Expenses

Miscellaneous Expenses

Current Year Tax Expenses

Past Year State & Local Tax Expenses

Shared Expenses

Closely Held Entities

Income-Producing Assets

Test Your Knowledge of the Expense Calculation for RCP – Part 2