Navigating IRS Collections: Understanding Form 433 & Offer in Compromise
Total Credits: 2 including 2 Taxes - Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Tax | IRS Approved
- Faculty:
- Mary Jane Hourani, MM, EA
- Course Levels:
- Intermediate
- Duration:
- 2 Hours
- License:
- Expires 30 day(s) after program date.
Description
This two-hour course provides a comprehensive overview of the IRS collection process, guiding tax professionals through each stage, from the initial notice to enforced collection actions. Participants will gain insights into taxpayer expectations during the collection process, as well as strategies for resolving tax debts. The course highlights when to use Form 433-A or 433-B, the documentation needed, and the criteria for submitting an Offer in Compromise (OIC) to settle tax debts for less than the full amount owed. Attendees will also learn about the various payment options available and practical approaches to advising clients.
*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com
Basic Course Information
Learning Objectives- Identify the stages of the IRS collection process, from initial notice to enforced collection actions.
- Recognize when Forms 433-A or 433-B are required and understand the information necessary to complete them.
- Evaluate the criteria for submitting an Offer in Compromise (OIC) and outline the submission process.
- Explain the different payment options available to taxpayers facing IRS collections.
- Determine how to effectively advise clients on navigating the IRS collection process.
- Minimize potential penalties and ensure compliance during the resolution process.
- Understand the implications of different settlement strategies, including OIC and installment agreements.
- Apply practical insights to real-world scenarios for resolving tax liabilities.
Major Subjects
- Overview of the IRS collection process and enforcement actions
- Initial notices, taxpayer rights, and IRS timelines
- When to use Forms 433-A or 433-B and required documentation
- Offer in Compromise (OIC): criteria, process, and practical considerations
- Payment options: installment agreements, partial payment plans, and OIC
- Advising clients on IRS collections and avoiding penalties
- Compliance strategies for minimizing tax liabilities
- Real-world scenarios and examples for tax debt resolution
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| IRS Credit Request Form (267 KB) | Available after Purchase | ||
Faculty
Mary Jane Hourani, MM, EA Related Seminars and Products
Mary Jane has been practicing since 1993, working for a couple larger Tax, Accounting, & Audit Firms in before transitioning to her own practice in 2005.
Mary Jane has a Master of Management from Walsh College of Accountancy and Business Administration as well as a Bachelor of Science from Eastern Michigan University in Public Administration with a focus in Organizational Development and Governmental Accounting.
She is credentialed as an Internal Revenue Service Enrolled Agent, allowing her to practice before the IRS. With this credential, she has direct oversite by the IRS Office of Professional Responsibility. She is also a National Association of Enrolled Agents NTPI Fellow.
Mary Jane has been an Instructor of Tax for Michigan State University Tax School since 2008 as well as a speaker for several trade organizations since 2005.
Mary Jane has been a Contributing Editor and Contributing Author of the National Tax Workbook for the Land Grand University Tax Education Foundation since 2009. She writes and compiles tax course packs used by Michigan State University Tax School and other trade organizations. She is a former H&R Block Instructor/Trainer.
Mary Jane is a member of the National Association of Enrolled Agents, Michigan Association of Certified Public Accountants, National Association of Tax Professionals, American Institute of Professional Bookkeepers, and is a QuickBooks ProAdvisor.
Dates
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Sat, Jun 14, 2025 - 02:00pm to 04:00pm CDT
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Mon, Jun 30, 2025 - 09:00am to 11:00am CDT
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Thu, Jul 03, 2025 - 12:00pm to 02:00pm CDT
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Tue, Jul 15, 2025 - 02:00pm to 04:00pm CDT
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Fri, Aug 15, 2025 - 02:00pm to 04:00pm CDT
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Fri, Aug 29, 2025 - 09:00am to 11:00am CDT
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Thu, Sep 04, 2025 - 12:00pm to 02:00pm CDT
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Mon, Sep 15, 2025 - 02:00pm to 04:00pm CDT
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Wed, Oct 15, 2025 - 02:00pm to 04:00pm CDT
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Wed, Oct 29, 2025 - 09:00am to 11:00am CDT
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Tue, Nov 04, 2025 - 12:00pm to 02:00pm CST
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Sat, Nov 15, 2025 - 02:00pm to 04:00pm CST
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Mon, Dec 15, 2025 - 02:00pm to 04:00pm CST
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Mon, Dec 29, 2025 - 09:00am to 11:00am CST
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Mon, Jan 05, 2026 - 12:00pm to 02:00pm CST
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Thu, Jan 15, 2026 - 02:00pm to 04:00pm CST
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Tue, Feb 17, 2026 - 02:00pm to 04:00pm CST
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Sat, Feb 28, 2026 - 09:00am to 11:00am CST
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Wed, Mar 04, 2026 - 12:00pm to 02:00pm CST
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Wed, Mar 18, 2026 - 02:00pm to 04:00pm CDT
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Wed, Apr 15, 2026 - 02:00pm to 04:00pm CDT
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Tue, Apr 28, 2026 - 09:00am to 11:00am CDT
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Mon, May 04, 2026 - 12:00pm to 02:00pm CDT
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Fri, May 15, 2026 - 02:00pm to 04:00pm CDT
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Additional Info
Basic Course Information
Prerequisites NoneAdvanced Preparation None
Designed For CPAs, EAs, and tax professionals advising clients on IRS collections and resolving tax liabilities
Original Recording Date 06/01/25
Course Developer Werner-Rocca Seminars
Date Added to Catalog 05/01/25
Yellow Book
No
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.