The IRS Collection Process: Initial Notice to Successful Settlement

Tax

Webcast

The IRS Collection Process: Initial Notice to Successful Settlement

Join this webcast to discover best practices for working with clients in the IRS collection process. You'll hear industry experts Larry Wolfe, CPA and Cory Stigile, CPA, from the AICPA’s Tax Practice and Procedures Committee, and Stan Green, CPA, discuss the various stages in the collection process, recent collection initiatives, various payment agreement options, passport revocations, COVID-19 impacts and more.

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Format

Webcast

NASBA Field of Study

Taxes

Level

Intermediate

CPE Credits

Instructor

Larry Wolfe, Stan Green, Cory Stigile

Availability

3 months

Product Number

WC2838926

View

Business & partner

Product Details

Discover best practices for working with clients in the IRS collection process

If a taxpayer does not pay their taxes on time and in full, the IRS will send out a bill for the amount owed. This signals that the collection process has begun and will continue until the liability is satisfied. Clients rely on their CPA tax practitioner to guide them through this process and minimize any associated interest and penalties.

This webcast covers the various stages in the collection process and takes a closer look at recent collection initiatives, various payment agreement options, passport revocations and more. How the ongoing COVID-19 pandemic continues to impact current collection operations will also be discussed.

Join industry experts Larry Wolfe, CPA and Cory Stigile, CPA, from the AICPA’s Tax Practice and Procedures Committee, and Stan Green, CPA, as they share best practices for effectively and efficiently working with clients in the collection process, and bringing them back into compliance.

Who Will Benefit

Small firms/sole practitioners
Medium sized firms

Key Topics

Collection Due Process (CDP) hearing
Collection Appeals Program (CAP)
COVID-19 pandemic impacts on the current collection operations
Passport revocations
Recent IRS collection initiatives
IRS payment agreements (installment agreements, offers in compromise, etc.)
IRS collection process

Learning Outcomes

Distinguish tax payment agreement options available to settle unpaid liabilities
Determine the appeal process under the Collection Appeals Program (CAP) and procedures to request a Collection Due Process (CDP) hearing
Identify recent IRS collection initiatives, including the focus on high-income non-filers, and recognize the COVID-19 pandemic impacts on the current collection operations

More Details

NASBA Field of Study

Taxes

Level

Intermediate

Prerequisites

Basic knowledge of the IRS collection process

Access

This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.

Duration

1 hr and 45 mins

Pricing

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Group ordering for your team

2 to 5 registrants

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Start order

6+ registrants

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Speakers

Larry Wolfe

CPA

Larry J. Wolfe, CPA, is with the Skokie, Ill based firm of Larry J. Wolfe, Ltd. established in 1982. Larry’s practice specializes in tax controversy. Larry’s concentration is tax resolution in Collection, Exam and Appeal matters with the Internal Revenue Service and State taxing agencies. Larry’s experience with collection matters includes Offer in Compromise, Penalty Abatements (IRS & State), Installment Agreements (IRS & State), Trust Fund Recovery Penalty defense, Federal Tax Lien Applications for Certificates of Discharges and Subordinations, Right of Redemption, Non-Attachment, Claim for Refunds, Levy and Lien Releases, Innocent Spouse Relief, Taxpayer Rights, Petitions to the Board of Appeals and Specific Property Releases. Larry authored manuals and taught seminars regarding IRS representation in Collections, Examinations and Appeals issues. Larry has lectured on various tax subjects regarding IRS Collection, Appeal and Examination matters, a practical approach of handling tax controversy, preparing tax returns, Preparer Projects, Taxpayers Rights and Penalty Abatements. Larry is a frequent panel member at the IRS Annual Tax Practitioner Symposium Conference sponsored by the Illinois CPA Society and Internal Revenue Service, and a frequent speaker and task force member for the Tax Practice and Procedure Conference and Tax Conference sponsored by the Illinois CPA Society. He was a speaker in 2013 at the AICPA Practitioners Symposium & Tech Conference, and lectures at local firms and at local Chapters of the Illinois CPA Society pertaining to tax controversy matters. Larry is a member and past chairman of the Practice and Procedure Committee of the Illinois CPA Society, and member of the Individual Income Committee for the Illinois CPA Society. . Larry is a member of the AICPA Practice and Procedure Committee. Larry was a founding member of the IRS Collection Territory Managers/Practitioners Committee. Larry represents the Illinois CPA Society on the Committee. The Committee meets quarterly to discuss improved communication and working relationships between IRS Personnel and Practitioners. The Committee focuses on Taxpayer Rights and improving Collection Procedures for the benefit of taxpayers. Larry was a founding member of the IRS Examination Territory Manager/Practitioners Committee. Larry represents the Illinois CPA Society on the Committee. The Committee meets quarterly to discuss Examination Issues in the Chicago Area, with a focus on Taxpayer Rights and improving Examination procedures for the benefit of taxpayers. Larry, representing the Illinois CPA Society, serves on the IRS Illinois Practitioner Liaison Committee which meets twice a year. The Committee meets with Department Heads, and Area Directors. Larry received a 2010 Distinguish Service Award from the Illinois CPA Society for his service to the Society. Larry serves as an advisor to the Dempsey Travis Foundation an organization that awards four year scholarships known as “Travis Scholars” for young adults attending colleges in the Chicagoland Area. In 2013 the Foundation granted 30 four year scholarships to students attending Roosevelt University in Chicago and Columbia University in Chicago. The Foundation awards funds to City Colleges of Chicago for students who need additional financial assistance to meet the educational gap.

Stan Green

CPA

Stan Green, CPA, is with the Skokie, Illinois based firm of Larry J. Wolfe, Ltd. where he is head of the Tax Controversy Department. Mr. Green's concentration is tax resolution in Collection matters with the Internal Revenue Service and State taxing agencies focusing on Levies, Federal Tax Liens, Lien Discharges, Lien Subordinations, Lien Withdrawals, Offers in Compromise, Installment Agreements, Innocent Spouse and Penalty Abatement. Stan started his second career with Larry J Wolfe, Ltd.in September 2008, after 35 plus years with the Internal Revenue Service. Stan spent 28 years with the IRS in various management positions including: Revenue Officer Manager; Chief, Technical and Office Compliance Branch; Chief, Advisory Section of the Special Procedures Branch and Revenue Officer Training Manager. Stan was one of three finalists for the Federal Supervisory Employee of the Year for Northern Illinois. Stan received numerous awards in his IRS career including Outstanding Manager, Distinguished Performer, and Accepted Suggestions. Stan's experiences, knowledge of the Internal Revenue Manual, IRS Policies, inter-workings and relationships assist in his representation of clients and protection of client’s rights. Stan has instructed Illinois CPA Society courses including IRS Penalties, Collection Procedures, and Appeal Procedures. Stan has been a Collection Panel Member at the annual IRS Tax Practitioner Symposium both as an IRS Manager and as a Practitioner. Stan is a frequent speaker on IRS tax controversies and procedural matters at local chapter meetings of the Illinois CPA Society and other professional organizations. Stan was a founding member, representing the Illinois CPA Society, of the IRS Collection Territory Managers/Practitioners Committee. The Committee meets quarterly to discuss improved communication and working relationships between IRS Collection Personnel and Practitioners. Stan, representing the Illinois CPA Society, serves on the IRS Illinois Practitioner Liaison Committee which meets twice a year. The Committee meets with Department Heads, and Area Directors. Stan was a guest on the cable television program "The Law Corner" and the radio program "The Law Forum", as an Authority on IRS Collection Procedures. Stan taught various classes for the IRS including the Taxpayer Bill of Rights II (TBOR II) and The Collection Due Process Section of the Restructuring and Reform Act of 1998. Stan has been a long time member of the Illinois CPA Society Taxation Practice and Procedures Committee and is a member of the Illinois Certified Public Accountants Society. Stan received a Distinguished Service Award from the Illinois CPA Society in 2011. Stan graduated from Indiana University with a B.S. Degree in Management and Administration. Stan is married and has two daughters.

Cory Stigile

Certified Specialist, Taxation Law, The State Bar of California, Board of Legal Specialization and CPA licensed in California. He is the Past-President of the Los Angeles Chapter of CalCPA. Mr. Stigile frequently writes and lectures on topics involving taxation. His more recent speaking engagements include “Back to Basics on The Ethics of Federal Tax Practice: Best Practices 101” for the American Bar Association Tax Section, “The Administrative Tax Controversy Case from Examination to Appeals” for the ABA Tax Section, “Tax Settlements – IRS Appeals, FTB Settlement Bureau and CDTFA Settlement Section” for the Channel Counties Santa Barbara Discussion Group of CalCPA, “Income Tax Update” for California State University, Los Angeles, “Tax Identity Theft” for the Taxation Technical Committee of the Los Angeles Chapter of CalCPA, “Best Practices in ‘Settling’ Cases with the IRS and FTB for the Glendale Estate Planning Counsel, the “IRS Audit Programs and Other Hot Tax Controversy Issues” for the Santa Clarita Valley Discussion Group of the Los Angeles Chapter of CalCPA, “Updates on Civil and Criminal Tax (Federal) for the Best of CLE program in Santa Monica, California, and the “Tips and Tricks for IRS, FTB & SBE Settlements” panel at the Los Angeles County Bar Association Practitioner’s Conference. He was also interviewed by Bloomberg Law regarding IRS Wealth Squad audits focusing on the super-rich. Mr. Stigile was awarded the distinction of Super Lawyer Rising Star in 2012 through 2016, as recognized and published in Los Angeles Magazine. He is also on the Planning Committee of the Annual UCLA Extension Tax Controversy Institute and a member of the Western States Bar Association. His civic activities have included volunteer work with the Community Tax Aid of New York (2005), the Volunteer Income Tax Assistance Program at California Lutheran University (1997-1998), The Los Angeles Young Lawyers Association (current), and The Special Olympics in New York City. He was also the Race Director for the annual CalCPA Brentwood 5K/10K run during 2008 and 2009.

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The IRS Collection Process: Initial Notice to Successful Settlement

Discover best practices for working with clients in the IRS collection process

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