Introduction to Offers in Compromise
The Offer in Compromise program under IRC §7122 allows qualifying taxpayers to settle federal tax liabilities for less than the full amount owed—sometimes dramatically less—yet most practitioners lack the foundational knowledge to identify eligible candidates or avoid costly application mistakes.
This introductory course covers the three OIC types (Doubt as to Collectability, Doubt as to Liability, and Effective Tax Administration), the Reasonable Collection Potential formula that drives every acceptance decision, basic eligibility screening criteria, and an overview of the Form 656 application process including fee structures and payment options.
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*Self-Study recording not available for NASBA CPE credit.
IRS Program #: 7Q3WU-T-00906-26
CTEC Course #: 6248-CE-00253
Dan Henn
,
CPA, CTR, NTPI Fellow
Dan Henn is a seasoned Tax Professional, Financial Coach, Entreprenuer, and Speaker who is basedin Rockledge, Florida (Space Coast). He is also the author of “No Holds Barred, Candid Talk About Small Business Success In Florida,” and “41 Dangerous IRS Tax Red Flags” which is now available on Amazon. He is a former columnist with the Florida Today for over 10 years. Dan is co-founder of the Tax Resolution Academy® and the founder of Daniel Henn, CPA, PAOriginally from Land O’ Lakes, FL, Dan’s love of the industry began during college. During his business studies, Dan quickly discovered his knack for numbers. This ultimately paved the path to his present career, where he is infinitely dedicated to helping people (especially new business owners) save money and expand their business. In addition to saving on taxes, Dan strives to protect his valued clients from the IRS so they can sleep better at night. Throughout the span of three decades, Dan has gained extensive hands-on expertise in taxation, IRS Representation (Collections and Exam) and business tax planning. Today, he serves as a Certified Public Accountant and Tax Advisor at Daniel Henn, CPA, PA. He is also a frequent trainer of other licensed tax professionals in the area of IRS Representation through the Tax Resolution Academy®.When Dan was a young and budding tax professional, he had the unfortunate incident of seeing a family member go to jail over unfiled and unpaid taxes. At the time, having just graduated 2 years earlier from college, his knowledge and experience left him helpless to assist in the defense. This is why he is an advocate to teach other tax pros how to help people get out of some bad tax situations. Prior to his current ventures, Dan was a Supervisory Senior of Tax with KPMG, LLP in St. Petersburg and Orlando and a Tax Manager with Berman Hopkins Wright & LaHam, CPAs, LLP in Melbourne. Furthermore, Dan holds a Bachelor of Science Business Administration and Master’s Degree in Accountancy from the University of South Florida.
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