On Demand Audio

Submitting a Successful IRS Offer in Compromise (2016 Update)

(436 reviews)

Produced on December 07, 2016

Taught by
$ 99 Tax and Bankruptcy & Restructuring In Stock
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Course Information

Time 1h 33m
Difficulty Intermediate
Topics covered in this course: Tax Bankruptcy & Restructuring

Course Description

This course reviews the options of tax resolution including the IRS offer in compromise procedure used to satisfy tax claims.

The types of offers will be discussed with their respective requirements. Doubt as to liability, doubt as to collectability, and Effective Tax Administration Offers will be covered as appropriate options for applicable taxpayer tax problems.

For doubt as to collectability offers, the steps for processing an offer will be analyzed with a discussion on the importance of detailing and supporting all necessary living expenses on a form 433-a (OIC) or 433-b (OIC). These are the critical forms needed to support the form 656 offer in compromise form.

Learning Objectives:

  1. Understand when an offer in compromise is appropriate in contrast to other taxpayer options for resolution
  2. Understand the appropriate offer form for submission to IRS
  3. Understand the completion process for a form 433-a (OIC) or form 433-b (OIC)

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .


Frank Rooney

Rooney Law Firm

Mr. Rooney is a graduate of the George Washington University National Law Center with honors, has a Master's Degree in Taxation from Georgetown University Law Center, and is a former attorney with the IRS National Office in Washington, DC. Mr. Rooney also passed the CPA examination. He is an expert in relieving taxpayers from IRS problems. Besides his tax practice, Mr. Rooney has taught tax courses at George Washington University Business School, & the VPI School of Business. He also conducts lectures of tax matters for private & governmental agencies and professional groups. Mr. Rooney is licensed to practice law in Colorado, Virginia, Maryland and Washington, DC.

Mr. Rooney practices in the areas of criminal and civil tax law controversies, including representation in IRS criminal investigations, regular and eggshell examination audits, IRS collection enforcement, and the elimination of income tax debts through bankruptcy.


Bonnie M.

Practical as well as technical aspects. Covered a lot of important points; pace was good.

Benjamin D.


Anne W.

Given by knowledgeable practitioner, and filled with good advice.



Frederick B.

Interesting content.

Timothy L.

Presenter was excellent.

Thomas E. K.

Useful material and presentation.

Cecil F.

Excellent speaker ,excellent course materials. He made tax information enjoyable.

Misty C.

Excellent speaker!

Richard B.

Mr. Rooney is excellent. Great teacher - repetition is important. We may laugh, but it is true! You can tell he really knows this area! Have listened to this presentation twice so far.

Ronald N.

I would recommend this program to attorneys handling criminal and tax matters as it was extremely informative.

Allan S.

Very thorough presentation

Gerald B.

Very informative.

Arthur R.

Good nuts and bolts presentation

Carol J.


Alison C.

very useful information well presented

Anthony S.

Thanks for the $ and accessibility!

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