- Instructor: Attorney Bob Schaller
- Lectures: 5
Welcome to the National Offer in Compromise Academy.
Who Should Take These Courses?
Tax professionals across the nation are adding an Offer in Compromise (OIC) practice area to their list of services to attract new clients, more fully serve the needs of their existing clients, and increase their profits. FEES CAN RANGE FROM $3,000 to $10,000+ PER CLIENT. Just think, one extra OIC client per month could generate an additional $36,000 to $120,000 per year.
CPAs, accountants, tax return preparers, attorneys, enrolled agents, and any professional tangentially connected to taxpayers owing IRS back-taxes should take these courses. These professionals need to have a working knowledge of the IRS collection process, the collection weapons available to the IRS (bank levy, wage garnishment, asset seizure, and Notice of Federal Tax Lien), and solutions to thwart the IRS attacks.
In short, professionals need to take these courses to better advise their clients who owe IRS back-taxes. What should a lawyer, CPA or tax preparer do if the IRS imposes a wage garnishment or bank levy upon a client? What action would a professional advise if the IRS seizes a client’s assets? What can be done if the IRS slaps a Notice of Federal Tax Lien upon a client? Professionals must understand the solutions available to clients with IRS back-taxes, including Offers in Compromise (“Fresh Start Initiative”), installment agreements, and innocent spouse relief.
Be smart. Take these coursers. Learn to spot the hazards. Become an expert on erasing back-taxes or advise clients to retain a tax attorney who specializes in IRS collection defense and is knowledgeable about levies, garnishments and liens, and who can offer tax solutions, including Offers in Compromise, installment agreements, and innocent spouse relief.
New to OIC?
No prior OIC experience is necessary. We can fully train you from scratch. We’ll even train your staff to increase your profitability. Offering unlimited access 24/7/365, the Academy provides foundational training to tax professionals who intend to add OIC services to their existing tax practice. With 61 online courses, the Academy’s graduates should become competent to represent OIC clients before the IRS. Professionals attempting their first OIC enjoy courses exploring OIC fundamentals, the IRS’ authority/motivation to accept an OIC, and completing IRS Forms 656, 433-A (OIC), and 433-B (OIC) with line-by-line instructions and commentary.
Experienced OIC Provider:
More experienced tax professionals would benefit from the scholarly deep-dive into the who, what, where, when, and why of the OIC practice. More skilled professionals will enjoy the extensive analysis of each phase of the OIC process and the citations to relevant Tax Code sections, Treasury regulations, IRS Revenue Procedures, case law and court opinions, and the Internal Revenue Manual. Academy graduates should be able to handle competently and professionally OIC clients.
OIC Scholar Certificate Exam:
Take the courses at your own pace. Repeat a course if desired. Then, if you studied hard, you are urged to take the 650-question OIC Scholar certificate examination. Those tax professionals demonstrating the requisite skill and knowledge will earn the OIC Scholar certificate from the National Offer In Compromise Academy — the certificate is perfect for adding to your website and marketing to prospective clients.
Duty of Competence
Collaborate with an Attorney
AICPA Professional Competencies