Representation - Intro to Collections
Register
- 12:30 pm - 2:30 pm Pacific Time
- 1:30 PM - 3:30 om Mountain Time
- 2:30 PM - 4:30 PM Central Time
- 3:30 PM - 5:30 PM Eastern Time
Look for your webinar link in an email from BIGMARKER!
A large part of the work that taxpayers need the assistance of a trained professional in tax resolution and representation is found in the specific area of Collections. It is nearly impossible to assist taxpayers successfully with their IRS troubles without a fundamental understanding of Collections and the process within the IRS.
This basic course will help remedy weaknesses you may have in your understanding of collections, cover the background and current landscape, and show you what the collection process is from start to finish. We will cover some of the collection tools the IRS can use such as Notices, Liens, Levies, and Seizures as well as Private Collection and revocation or denial of passports.
We will also cover the fundamentals of the CIS (Collection Information Statement) and touch on what Expense Standards are; discuss Income and also dealing with assets in order to give you the beginning building blocks to use this in practical application outside of class. We also go over possible alternatives to collection, which is arguably the best part of this class in order to know the potential options you might have in assisting a client in this situation. In fact, the many options might even surprise you!
- Understand IRS Collection Process
- Learn about Individual and Business Notices and what the specified procedure is for both in the Collection Process
- Discover the difference between Liens and Levies and what rights a taxpayer has when facing them
- Learn how Private Debt Collection is used in the IRS Collection Process
- Discover how Passports can be revoked or denied as a tool in the IRS Collection process
- Understand IRS Collection Information Statements (CIS) and their different types and uses
- Learn about the Expense Standards, and how they are used in CIS calculations
- Learn how Income is determined, whose income is factored in, and how it is fully on a cash basis
- Discover how to deal with Assets for IRS CIS Purposes
- Understand the alternatives the IRS has for debt resolution for taxpayers with unpaid tax liabilities
Official Registry Statement:
The National Society of Tax Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
CTEC Disclosure Statement:
The National Society of Tax Professionals has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual "continuing education" requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Disclaimer:
Group Internet Based courses are interactive audio-visual presentation courses led by an NSTP Instructor. These courses include a pre-recorded session and may also include PowerPoints slides, a PDF textbook or both.
Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.
Administration Policies:
Registration
- Effective upon registration confirmation, the following applies: Due to the proprietary nature of NSTP course materials, all webinar and live-streaming course purchases are non-refundable, non-cancelable, and may not be transferred to another NSTP course.
- Executive Members who register and do not attend, will be charged the full course price.
- It is essential for each participant to register using their own name and email address; logging in with a different email may result in no CE credits being reported.
- Each link is unique to the registered email address and will not function if forwarded to another email.
Attendance Monitoring For CE
Group Internet Based courses use a popup tool to monitor attendance. According to guidelines, you need to respond to at least three popups per hour to qualify for continuing education credits. We have included several additional pop ups throughout the course to ensure that all participants have the opportunity to earn the full CE credits. CE credits cannot be earned by participating in the course via phone only.
Other Administration
- Once registrations are finalized, a link will be sent to the registrant's email address via BigMarker. Don't see your link? Check your spam and junk folders before contacting NSTP.
Cancellation
NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.
More Information
For more information regarding refund, cancellation and complaint policies, please contact our office at 800-367-8130.
