Note: There is no credit 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 CT, and when bankruptcy may be the best option to resolve back tax debts.
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