This course highlights when to use Form 433-A or 433-B, along with documents needed to effectively submit an Offer in Compromise (OIC) or Installments Agreement. Settling tax debts is an important part of the IRS collection process, this course helps guide taxpayer representatives through the process so they may efficiently complete these necessary forms. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- Recall the Gramm-Leach-Bliley Act and its requirements for data security.
- Analyze compliance requirements under Circular 230 related to WISP and data security.
- Identify AICPA Statements of Standards applicable to WISP.
- Recall the essential components of a WISP and how to draft one.
- Recognize the role of employee and contractor training in maintaining data security compliance.
- Assess how FTC regulations impact WISP implementation and enforcement.
- Evaluate due diligence practices for ensuring WISP compliance.
- Develop strategies for monitoring and updating a WISP to meet evolving standards.
Major Topics
The major topics that will be covered in this course include:
- Overview of IRS Power of Attorney (POA) rules.
- Form 2848: Authority to Represent Clients before the IRS.
- Form 8821: Accessing Tax Information Without Representation.
- Identifying errors and compliance risks in POA filings.
- Rules for revoking or updating POA authorizations.
- Managing authorizations through the CAF system.
- Electronic submissions and the IRS online authorization process.
- Ethical responsibilities when holding a POA.
