Description:
This book is for preparing 2021 taxes. If a taxpayer is struggling to pay their tax debt, the IRS has streamlined options available to assist taxpayers with making installment payments and resolving balances owed. Being able to assist a delinquent taxpayer is a valuable service to offer your clients to help them get out of tax debt. This e-book helps you understand the IRS collection process, procedures, updates due to the IRS Taxpayer Relief Initiative, and the rights a taxpayer has to settle a delinquent tax bill, so that you may more effectively serve your clients.
View Table of Contents.
Topics include:
- Identifying when to use Form 2848 or Form 8821 to gain authorization and information
- The IRS collection process and the procedures used by the IRS to collect delinquent taxes
- Various alternatives a taxpayer can use to extend the time to pay delinquent taxes
- Identifying when a taxpayer qualifies for a streamlined installment agreement
- Calculating an offer in compromise amount for an IRS tax liability
Product Details:
Item Number: E21354
Level: Intermediate
Authors: NATP Staff
Published: 2021
Format: Electronic PDF - 114 Pages
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