Resolving Tax Debts: Offers-in-Compromise vs Bankruptcy - Recording / Handouts

Note: There is no Continuing Education credit given for the recording.

This program will review the pros and cons of the IRS offer-in-compromise program and compare it to utilizing bankruptcy as an option to resolve a taxpayers back tax debt, and when one option should be considered over the other.  The program will cover the basics of offers-in-compromise and the various forms of offers, the RCP calculation and factors to consider when filing an Offer-in-Compromise.  The program will also explain how bankruptcy works, what taxes are and are not dischargeable, how bankruptcy can be used to force a repayment plan on an otherwise unwilling IRS and NYS, and when bankruptcy may be the best option to resolve back tax debts.