IRS Collections and Installment Arrangements
Receiving a letter from the IRS can be a stressful experience for taxpayers—and tax professionals play a vital role in helping clients understand and respond appropriately. This course provides an overview of IRS collection activities, including the relevant tax codes, procedures, and forms. It also explores taxpayer rights and the avenues available to challenge IRS collection actions when appropriate.
This course is also available as part of a bundle called “When Things Go Wrong & How to Fix It.” You can save money by purchasing the bundle.
Receiving a letter from the IRS can be a stressful experience for taxpayers—and tax professionals play a vital role in helping clients understand and respond appropriately. This course provides an overview of IRS collection activities, including the relevant tax codes, procedures, and forms. It also explores taxpayer rights and the avenues available to challenge IRS collection actions when appropriate.
By the end of this course, you will be able to:
- Identify the rights outlined in the Taxpayer Bill of Rights.
- Describe the time limits the IRS has to collect unpaid taxes.
- List the tax payment options available to taxpayers.
- Recognize which IRS decisions can be challenged by a taxpayer.
- Compare the Collection Due Process (CDP) and the Collection Appeals Program (CAP).
