YVETTE BROOKS-WILLIAMS: I SEE IT'S THE TOP OF THE HOUR. FOR THOSE OF WHO JUST JOINING, WELCOME TO
TODAY'S WEBINAR, WORLD OF OFFER IN COMPROMISE. WE'RE GLAD YOU ARE JOINING US TODAY. MY NAME IS
YVETTE BROOKS-WILLIAMS. AND I AM A SENIOR STAKEHOLDER LIAISON WITH THE INTERNAL REVENUE SERVICE,
AND I WILL BE YOUR MODERATOR FOR TODAY'S WEBINAR, WHICH IS SLATED FOR 75 MINUTES. BEFORE WE BEGIN,
IF THERE IS ANYONE IN THE AUDIENCE THAT IS WITH THE MEDIA, PLEASE SEND AN EMAIL TO THE ADDRESS ON
THIS SLIDE. BE SURE TO INCLUDE YOUR CONTACT INFORMATION AND THE NEWS PUBLICATION YOU ARE WITH. OUR
MEDIA RELATIONS AND STAKEHOLDER LIAISON STAFF WILL ASSIST YOU AND ANSWER ANY QUESTIONS YOU MAY
HAVE. AS A REMINDER, THIS WEBINAR WILL BE RECORDED AND POSTED TO THE IRS VIDEO PORTAL IN A FEW
WEEKS. AND THE PORTAL IS LOCATED AT WWW.IRSVIDEOS.GOV. PLEASE NOTE, CONTINUING EDUCATION CREDIT OR
CERTIFICATES OF COMPLETION ARE NOT OFFERED IF YOU VIEW ANY VERSION OF WEBINARS AFTER THE LIVE
BROADCAST. NOW WE HOPE YOU WON'T EXPERIENCE ANY TECHNOLOGY ISSUES, BUT IF YOU DO, THIS SLIDE SHOWS
HELPFUL TIPS AND REMINDERS. WE POSTED A TECHNICAL HELP DOCUMENT YOU CAN DOWNLOAD FROM THE
MATERIALS SECTION ON THE LEFT SIDE OF YOUR SCREEN. IT PROVIDES THE MINIMUM SYSTEM REQUIREMENTS FOR
VIEWING THIS WEBINAR ALONG WITH SOME BEST PRACTICES AND QUICK SOLUTIONS. NOW, DUE TO
COMPATIBILITY ISSUES, WE ENCOURAGE YOU TO USE A BROWSER OTHER THAN INTERNET EXPLORER. YOU MAY
EXPERIENCE FROZEN SCREENS AND OTHER TECHNOLOGY ISSUES IF YOU DO USE INTERNET EXPLORER. AND IF YOU
ARE USING ANYTHING OTHER THAN INTERNET EXPLORER AND YOU'RE STILL HAVING PROBLEMS, TRY ONE OF THE
FOLLOWING. CLOSE THE SCREEN WHERE YOU'RE VIEWING THE WEBINAR AND RELAUNCH IT OR CLICK ON SETTINGS
ON YOUR BROWSER VIEWING SCREEN AND HLS. YOU SHOULD HAVE RECEIVED TODAY'S POWERPOINT IN AN EMAIL
REMINDER. BUT, IF NOT, NO WORRIES, YOU CAN DOWNLOAD IT BY CLICKING ON THE MATERIALS DROPDOWN ARROW
ON THE LEFT SIDE OF YOUR SCREEN AS SHOWN ON THIS SLIDE. CLOSED CAPTIONING IS AVAILABLE FOR TODAY'S
PRESENTATION. IF YOU ARE HAVING TROUBLE WITH HEARING THE AUDIO THROUGH YOUR COMPUTER SPEAKERS,
PLEASE CLICK THE CLOSED CAPTIONING DROPDOWN ARROW LOCATED ON THE LEFT SIDE OF YOUR SCREEN. THIS
FEATURE WILL BE AVAILABLE THROUGHOUT THE WEBINAR. DURING THE PRESENTATION, WE'LL TAKE A FEW BREAKS
TO SHARE OUR KNOWLEDGE-BASED QUESTIONS WITH YOU. AND AT THOSE TIMES, A POLLING-STYLE FEATURE WILL
POP UP ON YOUR SCREEN WITH A QUESTION AND MULTIPLE-CHOICE ANSWERS. SELECT THE RESPONSE YOU BELIEVE
IS CORRECT BY CLICKING ON THE RADIO BUTTON NEXT TO YOUR SELECTION AND THEN, CLICK SUBMIT. SOME
PEOPLE MAY NOT GET THE POLLING QUESTION, BUT THIS MAYBE BECAUSE YOU HAVE YOUR POP-UP BLOCKER ON,
SO PLEASE TAKE A MOMENT TO DISABLE YOUR POP-UP BLOCKER NOW SO THAT YOU MAY ANSWER THE QUESTION. IF
YOU HAVE A TOPIC SPECIFIC QUESTION TODAY, PLEASE SUBMIT IT BY CLICKING THE ASK QUESTION DROPDOWN
ARROW TO REVEAL THE TEXT BOX, TYPE YOU QUESTION IN THE TEXT BOX AND THEN, CLICK SEND. AND THIS IS
VERY IMPORTANT, PLEASE DO NOT ENTER ANY SENSITIVE OR TAXPAYER-SPECIFIC INFORMATION. AGAIN,
WELCOME, WE ARE GLAD YOU JOINED US FOR TODAY'S WEBINAR. BEFORE WE MOVE ALONG WITH OUR SESSION,
LET ME MAKE SURE YOU'RE IN THE RIGHT PLACE. TODAY'S WEBINAR IS THE WORLD OF OFFER IN COMPROMISE.
THIS WEBINAR IS SCHEDULED FOR APPROXIMATELY 75 MINUTES. AND LET ME INTRODUCE TODAY'S SPEAKERS.
EVETTE DAVIS AND VERONICA TUBMAN ARE BOTH SENIOR STAKEHOLDER LIAISON IN THE COMMUNICATIONS &;
LIAISON DIVISION. YOU MAY RECOGNIZE THEM AT FREQUENT SPEAKERS AND MODERATORS ON IRS WEBINARS. I'M
GOING TO TURN IT OVER TO EVETTE TO BEGIN THE PRESENTATION. EVETTE? EVETTE DAVIS: YES, GREAT
AFTERNOON. THANK YOU, YVETTE. I APPRECIATE THAT. GOOD AFTERNOON, EVERYONE AND THANK YOU ALL FOR
ATTENDING. TODAY WE WOULD LIKE TO DISCUSS THE WONDERFUL WORLD OF OFFER IN COMPROMISE AND OTHER
INTERESTING FACTS. THIS SESSION IS DESIGNED TO GIVE YOU AN OVERVIEW OF WHAT THE OFFER PROGRAM IS
ALL ABOUT. THE GOALS OF THE OFFER PROGRAM ARE TO ACHIEVE A RESOLUTION THAT IS IN THE BEST INTEREST
OF BOTH THE TAXPAYER AND THE GOVERNMENT. TO COLLECT WHAT CAN REASONABLY EXPECTED AT THE EARLIEST
POSSIBLE TIME AND AT THE LEAST COST TO THE GOVERNMENT, AS WELL AS TO SECURE REVENUE THAT MAY NOT BE
COLLECTED THROUGH ANY OTHER MEANS. FOR EXAMPLE, A LOT OF TAXPAYERS FUND THEIR OFFERS BY BORROWING
FROM FRIENDS AND RELATIVES. AND ON THE NEXT SLIDE WE'RE GOING TO LOOK AT OUR OBJECTIVES. SO, THE
OBJECTIVES FOR TODAY ARE AS LISTED, WE'RE GOING TO DEFINE AN OFFER, DESCRIBE THE OFFER PROCESS AND
LIFECYCLES AND THEN PROVIDE SOME HELPFUL HINTS. AND REMEMBER FOLKS, THE OFFER PROGRAM WANTS TO
ACHIEVE A RESOLUTION THAT IS IN THE BEST INTEREST OF BOTH THE GOVERNMENT AND THE TAXPAYERS. SO,
LET'S LOOK AT THE DEFINITION OF OFFER IN COMPROMISE. SO, WHAT IS AN OFFER IN COMPROMISE. AS IT
STATES, AN OFFER IN COMPROMISE OR OIC AS YOU MAY HEAR US SAY, IS AN AGREEMENT BETWEEN THE TAXPAYER
AND THE IRS THAT SETTLES THE TAX DEBT FOR LESS THAN THE FULL AMOUNT OWED. THE GOVERNMENT LIKE
OTHER CREDITORS ENCOUNTERS SITUATIONS WHERE AN ACCOUNT RECEIVABLE CAN'T BE COLLECTED IN FULL,
OR THERE'S A LEGITIMATE DISPUTE AS TO WHAT'S ACTUALLY OWED. IT IS ACCEPTED BUSINESS PRACTICE
TO RESOLVE THESE ISSUES THROUGH NEGOTIATIONS AND COMPROMISE. REMEMBER, THE OFFER IN COMPROMISE
PROGRAM AIMS TO EFFECT COLLECTIONS OF WHAT CAN REASONABLY BE COLLECTED AT THE EARLIEST POSSIBLE
TIMES, AND AT THE LEAST COST TO THE GOVERNMENT. IT AIMS TO ACHIEVE RESOLUTION THAT IS IN
THE BEST INTEREST OF BOTH THE INDIVIDUALS AND THE GOVERNMENT, AND IT AIMS TO PROVIDE THE TAXPAYER
A FRESH START TOWARDS FUTURE VOLUNTARY COMPLIANCE WITH ALL FILING AND PAYMENT REQUIREMENT BEING
MET. AND FINALLY, IT AIMS TO SECURE COLLECTION OF REVENUES THAT MAY NOT BE COLLECTED THROUGH ANY
OTHER MEANS. THE SUCCESS OF THE COMPROMISE PROGRAM WILL BE ASSURED ONLY IF TAXPAYERS MAKE ADEQUATE
COMPROMISE PROPOSALS CONSISTENT WITH THEIR ABILITY TO PAY, AND THE IRS MAKES PROMPT AND REASONABLE
DECISION. TAXPAYERS ARE EXPECTED TO PROVIDE REASONABLE DOCUMENTATION AND THIS IS TO VERIFY THEIR
ABILITY TO PAY. THE GOAL, AGAIN, IS A COMPROMISE WHICH IS IN THE BEST INTEREST OF BOTH THE TAXPAYER
AND THE IRS. ACCEPTANCE OF AN ADEQUATE OFFER WILL ALSO RESULT IN CREATING FOR THE TAXPAYER AN
EXPECTATION OF A FRESH START TOWARDS COMPLIANCE WITH ALL FUTURE FILINGS AND PAYMENT REQUIREMENT.
NOW THERE ARE THREE TYPES OF OFFERS THAT TAXPAYERS CAN REQUEST. THE FIRST ONE YOU SEE IS DOUBT AS
TO COLLECTABILITY. NOW THIS IS WHEN TAXPAYERS ARE UNABLE AFTER FINANCIAL ANALYSIS, THEY'RE UNABLE
TO PAY THEIR LIABILITY IN FULL. AND THIS IS THE MOST COMMON TYPE OF OFFER. GENERALLY SPEAKING, A
DOUBT AS TO COLLECTABILITY OFFER MUST EQUAL OR EXCEED A TAXPAYER'S REASONABLE COLLECTION POTENTIAL
IN ORDER TO BE ACCEPTABLE. IN MOST CASES, WHEN THE OFFER AMOUNT EXCEEDS THE REASONABLE COLLECTION
POTENTIAL, THE ACCEPTANCE TO BE FOR THE AMOUNT OFFERED. NOW LET'S MOVE TO DOUBT AS TO LIABILITY.
TAXPAYERS BASICALLY DOUBT THE ACCURACY OF THEIR TAX LIABILITY. THESE OFFERS ARE OFTEN ROUTED TO
EXAMINATION AFTER THEY'RE RECEIVED. OFFERS ACCEPTED BASED ON DOUBT AS TO LIABILITY SHOULD ONLY
INCLUDE THE TAX YEARS OR PERIODS IN QUESTION. LIABILITIES FOR OTHER TAX PERIODS SHOULD NOT BE
INCLUDED IN THIS OFFER. THIS TYPE OF OFFER IS SUBMITTED ON FORM 656-L WHICH STANDS FOR LIABILITY.
NOW THE THIRD TYPE IS THE ETA, EFFECTIVE TAX ADMINISTRATION. AND THIS MEANS THAT THE TAXPAYER OWES
THE AMOUNT AND THEY HAVE ENOUGH IN ASSETS AND INCOME TO PAY THE LIABILITY IN FULL. BUT, DUE TO
SPECIAL CIRCUMSTANCES REQUIRING FULL PAYMENT WOULD CREATE AN ECONOMIC HARDSHIP OR SIMPLY BE INEQUITABLE.
AND THERE ARE TWO OPTIONS TO FILE UNDER THE BASIS OF EFFECTIVE TAX ADMINISTRATION. FIRST, IF THE
TAXPAYER IS PAYING MORE THAN THE AMOUNT OFFERED IT WOULD CREATE A FINANCIAL HARDSHIP, THAT
COULD BE CONSIDERED AN EFFECTIVE TAX ADMINISTRATION OFFER. SECOND, THE AMOUNT OFFERED IS BASED ON
THE TAXPAYER'S EXCEPTIONAL CIRCUMSTANCES OTHER THAN ECONOMIC HARDSHIP. THEN THAT MEANS THAT COLLECTION OF A
FULL LIABILITY COULD UNDERMINE PUBLIC CONFIDENCE THAT THE TAX LAWS ARE ACTUALLY BEING ADMINISTERED
IN A FAIR AND EQUITABLE MANNER. FOR EXAMPLE, YOU HAVE A PAYROLL SERVICE PROVIDER THAT
MISAPPROPRIATED TAXES WITHHELD FROM THE TAXPAYER'S EMPLOYEES. OKAY, SO THOSE ARE THE THREE BASES
FOR REQUESTING AN OFFER IN COMPROMISE. LET'S GO AHEAD AND MOVE ON. SO, LET'S TALK ABOUT WHETHER AN
OFFER IS THE RIGHT COLLECTION ALTERNATIVE. DID YOU REALIZE THAT AN OFFER IS NOT THE FIRST OPTION?
YEAH, THERE ARE OTHER OPTIONS AS YOU SEE ON THE SLIDE, THAT'S TO BE CONSIDERED FIRST LIKE, OF
COURSE, FULL PAY, RIGHT. THIS FIRST OPTION IS RECOMMENDED, BUT ONLY IF IT IS EVIDENT THAT THE
TAXPAYER HAS THE ABILITY TO FULL PAY UNLESS THE TAXPAYER INDICATES THERE ARE SPECIAL CIRCUMSTANCES
OR AN EFFECTIVE TAX ADMINISTRATION CRITERIA ACTUALLY APPLIES. ANOTHER OPTION - YVETTE
BROOKS-WILLIAMS: EVETTE, EXCUSE ME FOR ONE SECOND. YOU'RE GIVEN UP SOME REALLY GREAT INFORMATION.
WE HAVE SOME COMMENTS. CAN YOU SPEAK JUST A LITTLE BIT LOUDER, BECAUSE WE DON'T WANT TO MISS A
THING? EVETTE DAVIS: OH, SURE. HOW ABOUT THIS. IS THIS BETTER? - YVETTE BROOKS-WILLIAMS: OK, THANK
YOU. EVETTE DAVIS: ALL RIGHT. YVETTE BROOKS-WILLIAMS: THANK YOU. EVETTE DAVIS: ALL RIGHT. ALL
RIGHT, GOT IT. SO, LET'S TALK ABOUT BORROWING. SO, THE IRS THUS SUGGEST THAT YOU BORROW, IF THE
TAXPAYER HAS THE ABILITY TO BORROW THE FUNDS TO FULL PAY THE TAXES OWED INCLUDING PENALTIES AND
INTERESTS. THIRD, LIQUIDATION OF ASSETS. NOW, THIS SHOULD BE CONSIDERED IF THE TAXPAYER HAS TANGIBLE
ASSETS THAT CAN BE USED TO FULL PAY THE TAXES OWED INCLUDING THE PENALTIES AND INTERESTS. THE NEXT
OPTION IS INSTALLMENT AGREEMENT. INSTALLMENT AGREEMENTS ARE ARRANGEMENTS BY WHICH THE IRS ALLOWS
THE TAXPAYERS TO PAY LIABILITIES OVER TIME. IF FULL PAYMENT CANNOT BE ACHIEVED BY THE COLLECTION
STATUTE EXPIRATION DATE, AND TAXPAYERS HAVE SOME ABILITY TO PAY THROUGH A PARTIAL PAYMENT
INSTALLMENT AGREEMENT FOR EXAMPLE, THAT'S SOMETHING THAT MAYBE GRANTED. DURING THE COURSE OF THESE
AGREEMENTS, PENALTIES AND INTERESTS STILL CONTINUE TO ACCRUE. SO THAT'S IMPORTANT TO KNOW. IT'S
ALSO IMPORTANT TO NOTE, THAT WITH AN OFFER IN COMPROMISE, I APOLOGIZE, IT'S ALSO IMPORTANT TO NOTE
THAT AN OFFER IN COMPROMISE IS AN OPTION. AGAIN AS A REMINDER, IT SHOULD NOT BE THE FIRST
OPTION THAT YOU SHOULD CONSIDER. OKAY, SO NOW LET'S LOOK AT HOW TO CALCULATE THE OFFER IN COMPROMISE.
RIGHT, SO WE CALCULATE THE ABILITY TO PAY USING A FEW THINGS, RIGHT. FIRST, NET REALIZABLE EQUITY
IN ASSETS, WITH NET REALIZABLE EQUITY, IT'S DEFINED AS THE QUICK SALE VALUE OR QSV, LESS AMOUNT
OWED TO SECURED LIEN HOLDERS WITH PRIORITY OVER THE FEDERAL TAX LIEN, IF APPLICABLE, AND APPLICABLE
EXEMPTION AMOUNT. SECOND, FUTURE INCOME. WITH FUTURE INCOME, THIS IS DEFINED AS AN ESTIMATE OF
THE TAXPAYER'S ABILITY TO PAY BASED ON AN ANALYSIS OF GROSS INCOME LESS NECESSARY LIVING EXPENSES
FOR A SPECIFIC NUMBER OF MONTHS INTO THE FUTURE. THIRD, WE LOOK AT ALLOWABLE EXPENSES. ALLOWABLE
EXPENSES EXCLUDE THOSE EXPENSES THAT MEET THE NECESSARY EXPENSE TEST. AND THE NECESSARY EXPENSE
TEST IS SIMPLY DEFINED AS EXPENSES THAT ARE NECESSARY TO PROVIDE FOR A TAXPAYER AND HIS OR HER
FAMILY'S HEALTH AND WELFARE AND OR PRODUCTION OF INCOME. BUT THERE ARE TWO TYPES OF ALLOWABLE
EXPENSES. THE FIRST ALLOWABLE EXPENSE IS THE ALLOWABLE LIVING EXPENSES. AND THESE ARE BASED ON THE NATIONAL
AND LOCAL STANDARDS AND THEY ONLY APPLY TO INDIVIDUALS FOR THEIR FAMILY SIZE. NOW, WITH NATIONAL
STANDARDS, THESE ARE ESTABLISHED STANDARDS FOR FOOD, CLOTHING AND OTHER ITEMS AS WELL AS OUT OF
POCKET HEALTHCARE EXPENSES. WITH THE LOCAL STANDARDS, THIS INCLUDES HOUSING AND UTILITIES AND
TRANSPORTATION. NOW AS FAR AS OTHER NECESSARY EXPENSES ARE CONCERNED, THOSE EXPENSES ARE THOSE THAT
MEET THE NECESSARY EXPENSES AND ARE NORMALLY ALLOWED. EXAMPLES COULD INCLUDE HEALTH INSURANCE
EXPENSES AS WELL AS CHILD CARE EXPENSES. NOW, THERE ARE OTHER CONDITIONAL EXPENSES THAT MAY BE
CONSIDERED. THESE EXPENSES WHICH MAY NOT MEET THE NECESSARY EXPENSE TEST, MAY BE ALLOWABLE BASED ON
THE CIRCUMSTANCES OF AN INDIVIDUAL CASE. EXAMPLES INCLUDE, CURRENT YEAR TAXES, STUDENT LOANS AND EVEN
DELINQUENT STATE AND LOCAL TAXES. YVETTE BROOKS-WILLIAMS: HEY, EVETTE AND VERONICA. CAN WE PAUSE
AND JUST TAKE A FEW QUESTIONS FROM THE PARTICIPANTS? EVETTE DAVIS: I THINK THAT SOUNDS GREAT. LET'S
GO. YVETTE BROOKS-WILLIAMS: AWESOME. SOMEONE ASKED, WHY ARE THE EXEMPTIONS FOR VEHICLES AND BANK
ACCOUNTS NOT APPLIED ON ALL OFFERS? EVETTE DAVIS: OKAY, YVETTE. LET ME TAKE THAT ONE. THANK YOU FOR
THE QUESTION. SO, LET'S THINK ABOUT IT THIS WAY. IF THE OUTSTANDING BALANCE DUE CAN BE FULL PAID BY
EQUITY IN AVAILABLE ASSETS SAY BY FUTURE INCOME POTENTIAL OR EVEN A COMBINATION OF BOTH, THEN
THOSE EXEMPTIONS WILL NOT BE APPLIED AT ALL. WHEN IT COMES TO THE $1000 BANK ACCOUNT EXEMPTION,
THIS WILL ONLY APPLY TO INDIVIDUALS AND THAT'S WHETHER IT'S A JOINT OR SEPARATE LIABILITIES,
INCLUDING SOLE PROPRIETORS. THAT PARTICULAR EXEMPTION CANNOT BE USED FOR A BUSINESS OFFER. HOW'S
THAT YVETTE? YVETTE BROOKS-WILLIAMS: THAT'S AWESOME. AND IF YOU
COULD SPEAK UP JUST A LITTLE BIT MORE YOUR SOUND IS SOMEWHAT UP AND DOWN, JUST A LITTLE BIT. EVETTE
DAVIS: OKAY. YVETTE BROOKS-WILLIAMS: LET ME SEE. CAN WE JUST TAKE ONE MORE QUESTION? EVETTE DAVIS:
YEAH, LET'S DO IT. YVETTE BROOKS-WILLIAMS: OKAY. SO, ARE VIRTUAL CURRENCY CRYPTO CONSIDERED
ASSETS FOR THE FINANCIAL ANALYSIS? EVETTE DAVIS: OKAY, THAT'S ANOTHER GOOD QUESTION. SO, FOR THE
PURPOSE OF FINANCIAL ANALYSIS, VIRTUAL CURRENCIES INCLUDING BITCOIN, WHICH IS THE MOST POPULAR
KIND, RIGHT, CAN BE TREATED AS AN EXCHANGE OF PROPERTY FOR TAX PURPOSES. THE FINANCIAL ANALYSIS
WILL CONSIDER INTEREST IN THE CURRENCY TO DEVELOP A REASONABLE COLLECTION POTENTIAL. YVETTE
BROOKS-WILLIAMS: THANK YOU, EVETTE. THOSE WERE SOME GREAT QUESTIONS, AUDIENCE, AND EVETTE, YOUR
ANSWERS WERE AWESOME. BUT BEFORE WE MOVE FOR OUR NEXT TOPIC, I THINK I'LL JUST GO AHEAD AND ASK
OUR FIRST POLLING QUESTION. AUDIENCE, I HOPE YOU'RE READY. HERE'S OUR FIRST POLLING QUESTION.
WHAT TYPE OF OFFER WOULD YOU SUBMIT IF THE TAXPAYER WAS DOUBTING THE ACCURACY OF THE LIABILITY? A,
DOUBT AS TO COLLECTABILITY; B, EFFECTIVE TAX ADMINISTRATION; C, DOUBT AS TO LIABILITY OR D; ALL OF
THE ABOVE? TAKE A MOMENT AND CLICK THE RADIO BUTTONS THAT BEST ANSWERS THE QUESTION, WHAT TYPE OF
OFFER WOULD YOU SUBMIT IF THE TAXPAYER WAS DOUBTING THE ACCURACY OF THE LIABILITY? A, DOUBT AS TO
COLLECTABILITY; B, EFFECTIVE TAX ADMINISTRATION; C, DOUBT AS TO LIABILITY OR D; ALL OF THE ABOVE?
I'LL GIVE A FEW MORE SECONDS TO MAKE YOUR SELECTION. OKAY, WE'RE GOING TO STOP THE POLLING NOW
AND LET'S SHARE THE CORRECT ANSWER ON THE NEXT SLIDE. AND THE CORRECT RESPONSE IS C, DOUBT AS TO
LIABILITY. LET'S SEE, AND LET'S SEE HOW MANY OF YOU RESPONDED CORRECTLY. I SEE THAT 78% OF
YOUR RESPONDED CORRECTLY. EVETTE, CAN YOU CLARIFY FOR ME? EVETTE DAVIS: YEAH, OKAY. SO, C IS THE
CORRECT ANSWER. SO, LET'S JUST LOOK AT A, WHEN YOU LOOK AT DOUBT AS TO COLLECTABILITY, THIS IS,
REMEMBER, WHEN TAXPAYERS ARE BASICALLY, THEY'RE UNABLE TO PAY THEIR LIABILITY IN FULL. THE IRS
IS GOING TO DO A FINANCIAL ANALYSIS TO MAKE THAT DETERMINATION. SO, A IS BASICALLY WHEN
TAXPAYERS ARE UNABLE TO FULL PAY THEIR LIABILITY BASED ON FINANCIAL ANALYSIS. WITH ETA, THE
EFFECTIVE TAX ADMINISTRATION, THIS IS WHEN REQUIRING FULL PAYMENT WOULD CAUSE AN ECONOMIC HARDSHIP
OR UNDERMINE PUBLIC CONFIDENCE THAT THE TAX LAWS ARE BEING ADMINISTRATED IN A FAIR AND EQUITABLE
MANNER. SO THAT'S ETA, DOUBT AS TO LIABILITY IS EXACTLY WHAT IT SOUNDS LIKE. THIS IS WHEN THE
TAXPAYER, DOUBTS THE ACCURACY OF THEIR LIABILITY. HOW'S THAT? YVETTE BROOKS-WILLIAMS: YOU'RE
AWESOME. THANK YOU FOR THAT CLARIFICATION. VERONICA, YOU'RE UP NEXT. AND IT LOOKS LIKE YOU'RE GOING
TO COVER OFFER PROCESS AND LIFECYCLE. VERONICA TUBMAN: YES, I AM. THANKS, YVETTE. YVETTE
BROOKS-WILLIAMS: THANK YOU. YOU'RE WELCOME. VERONICA TUBMAN: YOU ARE WELCOME. THANK YOU, BOTH
LADIES. IN THIS SECTION, OBJECTIVE 2, WE'LL DISCUSS THE OFFER PROCESS AND LIFECYCLE. SO, LET'S
MOVE ALONG. YOU'RE EXCITED. SO EXCITED. HOW DOES A TAXPAYER SUBMIT AN OFFER? TAXPAYERS SUBMIT THE
OFFER USING THE FORM 656-BOOKLET. NOW THAT BOOKLET INCLUDES THE FOLLOWING. FORM 656, FORM 433-A
OIC AND FORM 433-B OIC. THE 656-B INCLUDES INSTRUCTION AND HOW TO COMPLETE THE FORM. TAXPAYERS ARE
ALSO ADVISED TO SUBMIT A $2 - I'M SORRY, $205 APPLICATION FEE AND THE INITIAL OFFER PAYMENT IF
APPLICABLE. SO, LET'S LOOK A LITTLE CLOSER AT THE INITIAL OFFER. OKAY, SO WE'RE GOING TO TAKE A
LOOK AT THE INITIAL OFFER AND THE INITIAL OFFER AMOUNT COULD BE 20% OF A CASH OFFER OR THE FIRST
PART OF A PARTICULAR PAYMENT. A TAXPAYER MAY QUALIFY TO WAIVE THESE PAYMENTS AND I KNOW YOU'D
SAY SO HOW THEY CAN DO THAT. SO, THE APPLICATION FEE AND THE INITIAL OFFER PAYMENT BY CHECKING THE
LOW-INCOME CERTIFICATION BOX AND THAT'S RIGHT ON FORM 656. THIS LOW-INCOME CERTIFICATION IS BASED
ON THE TAXPAYER'S MOST CURRENT ADJUSTED GROWTH INCOME OR WE CALL IT AGI. THE AGI IS DERIVED FROM
THE TAXPAYER'S MOST RECENT FILED TAX RETURN. YOU KNOW, IT IS IMPORTANT TO NOTE THAT THE LOW-INCOME
CERTIFICATION ONLY APPLIES TO INITIAL INDIVIDUAL OFFERS. OFFER SUBMITTED AS TO DOUBT AS TO LIABILITY
ARE ALSO EXEMPT FROM SUBMITTING THESE PAYMENTS. TAXPAYERS THEN ALSO USE THE OIC PRE-QUALIFIER
TOOL THAT IS AVAILABLE ON IRS.GOV. SO, WE'LL MAKE SURE THAT YOU SAVE THAT AS A FAVORITE. THE OIC
PRE-QUALIFIER TOOL IS NOT MANDATORY BUT CAN BE USED TO SEE IF THEY QUALIFY FOR AN OFFER IN
COMPROMISE, YOU KNOW AND THAT'S BEFORE FILLING OUT ALL THAT PAPERWORK. THE QUESTIONNAIRE FORMAT
ASSISTS IN GATHERING THE INFORMATION NEEDED AND PROVIDES INSTANT FEEDBACK AS TO ELIGIBILITY, BASED
ON THE INFORMATION PROVIDED. THE TOOL WILL ALSO ASSIST IN DETERMINING THE PRELIMINARY OFFER AMOUNT
FOR CONSIDERATION OF AN ACCEPTABLE OFFER. BUT JUST REMEMBER, THAT IS NOT A GUARANTEE OF
ACCEPTANCE. YVETTE BROOKS-WILLIAMS: VERONICA, THANK YOU FOR THAT. CAN YOU MOVE CLOSER TO YOUR
MIC, YOU SOUND FAR AWAY? VERONICA TUBMAN: I SOUND FAR AWAY AND YOU KNOW WHAT, AND I DON'T WANT TO
BE FAR AWAY, I WANT TO BE A CLOSE AS POSSIBLE. IS THAT BETTER? YVETTE BROOKS-WILLIAMS: THAT'S
BETTER. THAT'S EXACTLY WHERE WE WANT YOU, AS CLOSE AS POSSIBLE, THANK YOU. VERONICA TUBMAN:
SURE, MUCH APPRECIATED. BECAUSE I WANT TO MAKE SURE THAT WE GET THIS TO
THE INFORMATION THAT WE'RE SHARING. ALL RIGHT. NOW, LET'S LOOK AT THE OFFER IN COMPROMISE
APPLICATION LIFECYCLE. NOW THERE ARE SEVEN STEPS IN THE LIFECYCLE. THE FIRST IS OFFER RECEIVED,
THE SECOND IS THE PROCESSABILITY DETERMINATION, THE THIRD IS WHEN THE CASE IS BEING BUILT, THE
FOURTH, OFFERS IN CENTRALIZED OFFER IN COMPROMISE, AND WE CALL THAT COIC. THE FIFTH, OFFERS IN
FIELD OFFER IN COMPLIANCE AND THAT'S THE FOIC. THE SIXTH IS THE OIC INVESTIGATION AND LASTLY, OIC
CLOSURE. WE WILL GO OVER EACH ONE IN THE NEXT SLIDE, BUT FIRST, YVETTE, HOW ABOUT ANOTHER POLLING
QUESTION? EVETTE DAVIS: ABSOLUTELY. YVETTE BROOKS-WILLIAMS: ABSOLUTELY. AUDIENCE LOTS OF GREAT INFORMATION
BEING PRESENTED, BUT LET'S PAUSE FOR OUR SECOND POLLING QUESTION. HOW MUCH IS THE OFFER
APPLICATION FEE? IS IT, A, $186; B, $150; C, $205; OR D, NONE OF THE ABOVE? I'LL GIVE YOU A FEW
MORE SECONDS TO MAKE YOUR SELECTION. OKAY, WE'RE GOING TO STOP THE POLLING NOW AND LET'S SHARE THE
CORRECT ANSWER ON THE NEXT SLIDE. AND THE CORRECT RESPONSE IS C, $205. SO, LET'S SEE HOW MANY OF
YOU RESPONDED CORRECTLY. WOO-HOO, EVEN THOUGH YOU WERE FAR FROM THE MIC, VERONICA, THEY GOT THAT
INFORMATION. 89% OF YOU RESPONDED CORRECTLY AND THAT'S A GREAT RESPONSE RATE. THANK YOU SO MUCH.
THE APPLICATION FEE CAN BE FOUND IN THE FORM 656-BOOKLET AND VERONICA, IT LOOKS LIKE I'M GOING TO
TURN IT BACK TO YOU. VERONICA TUBMAN: THANKS, AGAIN, YVETTE. AND JUST REMEMBER, EVERYBODY, YOU CAN
FIND FORM 656-BOOKLET ONLINE AND MAKE SURE THAT YOU EARMARK THAT AS ONE OF YOUR FAVORITES. SO, AS
STATED, LET'S LOOK AT STEP ONE, OFFER RECEIVED. THE ADDRESS FOR THESE LOCATIONS CAN BE FOUND IN
THE FORM 656-B BOOKLET. THE OFFER IN COMPROMISE PROGRAM CURRENTLY DOES NOT HAVE THE ABILITY
TO RECEIVE ORIGINAL OFFER APPLICATION ELECTRONICALLY. ALL OFFER APPLICATIONS MUST BE SUBMITTED BY
MAIL, AND MUST CONTAIN THE TAXPAYER'S ORIGINAL SIGNATURE, THAT'S VERY IMPORTANT. SENDING IN YOUR
APPLICATION IS BASED UPON YOUR STATE OF RESIDENCE. SO, LET'S TAKE AN EXAMPLE. IF YOU RESIDE IN
ALASKA, ALABAMA, ARKANSAS, CONNECTICUT AND SOME OTHER STATES, YOU WILL MAIL YOUR APPLICATION TO THE
BROOKHAVEN IRS CENTER COIC UNIT, P.O. BOX 9007, AND THAT'S IN HOLTSVILLE, NEW YORK, 11742-9007.
SO, LET'S TAKE A LOOK AT ANOTHER PROCESSING CENTER. IF YOU LIVE IN ARIZONA, CALIFORNIA, COLORADO
AND HAWAII AND IT'S JUST TO NAME A FEW STATES. YOU MAIL YOUR APPLICATION TO THE MEMPHIS IRS CENTER
COIC UNIT, P.O. BOX 30803, AMC, AND THAT'S IN MEMPHIS, TENNESSEE, 38130-0803. SO, LET'S TAKE A
LOOK AT THE SECOND STEP, PROCESSABILITY. NOW, ONCE AN OFFER IS RECEIVED, OUR PROCESS EXAMINER
WILL MAKE A DETERMINATION IF THE OFFER IS PROCESSABLE OR NOT. THE OFFER WILL BE DEEMED NOT
PROCESSABLE IF, ONE, THE TAXPAYER IS CURRENTLY IN A BANKRUPTCY STATUS. TWO, THE TAXPAYER DID NOT
SUBMIT THE APPLICATION FEE AND OR THE REQUIRED INITIAL PAYMENT WITH THE OFFER OR THEY DID NOT
CHECK THE LOW-INCOME CERTIFICATION BOX ON FORM 656, WHICH WAIVE THESE PAYMENTS. THIRD, IF ALL THE
LIABILITIES INCLUDED ON THE FORM 656, HAVE BEEN REFERRED TO THE DEPARTMENT OF JUSTICE. THAT'S THE
CONCERN AS WELL. AND FOURTH, IF THERE ARE UNASSESSED LIABILITY, AN OFFER IS SUBMITTED SOLELY TO
COMPROMISE A PARTICULAR TAX PERIOD FOR WHICH THERE ARE NO LIABILITY ASSESSED TO THE TAXPAYER
ACCOUNT AND OUR INTERNAL SYSTEM DO NOT INDICATE A RETURN HAS BEEN FILED. NO LIABILITY. OFFER
SUBMITTED TO WHICH THERE ARE NO LIABILITY DUE ON THE TAXPAYER'S ACCOUNT AND INTERNAL SYSTEM, AND
IT DOES NOT INDICATE THAT THERE ANY PENDING ASSESSMENTS FROM EXAMINATION OR THE UNDERREPORTING
FUNCTION. AND LASTLY, THE TOTAL AMOUNT OF THE PAYMENT LISTED AS A DEPOSIT AND THE TAXPAYER DID NOT
CHECK THE LOW-INCOME CERTIFICATION BOX. SO, LET'S JUST NOTE RIGHT HERE, EXCUSE ME, IF AN OFFER IS
DETERMINED TO BE NOT PROCESSABLE, THE APPLICATION FEE WILL BE RETURNED ALONG WITH THE FORM 656, AND
THE PAYMENT WILL BE APPLIED TO THE TAXPAYER'S ASSESSED LIABILITY. WHEN YOU OFFER IS DEEMED
PROCESSABLE, THE PROCESS EXAMINER WILL, THEY'RE GOING TO ALLOW THE OFFER IN OUR AUTOMATED OFFER IN
COMPROMISE OR AOIC SYSTEM, THEY'RE GOING TO VERIFY THE TAXPAYER HAS SUBMITTED THE APPROPRIATE
FORM, AND THEY'RE GOING TO VERIFY THE TAXPAYER HAS SUBMITTED THE APPLICATION FEE, REQUIRED PAYMENT
OR CHECKED THE LOW-INCOME CERTIFICATION BOX ON FORM 656. THIRD, SO LET'S TAKE A LOOK AT CASE
BUILDING. DURING CASE BUILDING, THE PROCESS EXAMINER WILL IDENTIFY IF THE OFFER HAS TO BE
TRANSFERRED TO FIELD OFFER IN COMPROMISE, TALKED ABOUT THAT EARLIER, FOIC. TWO, TO PERFECT THE
OFFER, AND THEN THE QUESTION IS, IS FORM 656 SIGNED? IS THE FORM 433 COMPLETED AND SIGNED AS
REQUIRED. THIRD, REQUEST ANY SHORTFALL PAYMENT IF ANY EXIST OF THE INITIAL OFFER AMOUNT. FOURTH,
WE'LL CONDUCT A COMPLIANCE CHECK ON ESTIMATED TAX PAYMENT, FEDERAL TAX DEPOSIT AND ANY UNFILED TAX
RETURN AND FIFTH, THE PROCESS EXAMINER WELL THEY'RE GOING TO SEND OUT A LETTER ACKNOWLEDGING
RECEIPT OF THE OFFER. THAT LETTER IS GOING TO BE LIKE A CHECK. IT WILL INCLUDE A REQUEST FOR
INFORMATION AND OR ANY MISSING PAYMENTS OR RETURNS NEEDED TO PERFECT THE OFFER IF APPLICABLE. AND
LASTLY, THE PROCESS EXAMINER, WELL THEY'RE GOING TO ASSIGN THE CASE TO THE APPROPRIATE QUEUE TO AWAIT
ASSIGNMENT TO AN OFFER EXAMINER. AND JUST A NOTE HERE, IF THE LETTER INCLUDES A REQUEST FOR
INFORMATION AND OR MISSING PAYMENTS OR RETURN AND THE TAXPAYER DOES NOT COMPLY WITH A REQUEST
WITHIN THE DUE DATE IN THE LETTER, SO THERE'S GOING TO BE AN ESTABLISHED DUE DATE FOR THE
INFORMATION, THE OFFER MAYBE RETURNED WITHOUT FURTHER CONTACT. ALRIGHTY. SO, BEFORE WE CONTINUE
WITH THE OIC LIFECYCLE, LET'S HAVE ANOTHER POLLING QUESTION, YVETTE. YVETTE BROOKS-WILLIAMS:
THANKS, VERONICA. AUDIENCE, I HOPE YOU'RE READY. HERE'S OUR THIRD POLLING QUESTION. WHERE DO YOU
MAIL THE FORM 656 APPLICATION FOR OFFER IN COMPROMISE? A, BROOKHAVEN AND MEMPHIS; B, HAWAII AND
PUERTO RICO; C, CALIFORNIA AND TEXAS; OR D. ALL OF THE ABOVE? TAKE A MOMENT AND CLICK THE RADIO
BUTTON THAT BEST ANSWERS THE QUESTION, WHERE DO YOU MAIL THE FORM 656 APPLICATION FOR OFFER IN
COMPROMISE? A, BROOKHAVEN AND MEMPHIS; B, HAWAII AND PUERTO RICO; C, CALIFORNIA AND TEXAS; OR D.
ALL OF THE ABOVE? I'LL GIVE YOU A FEW MORE SECONDS TO MAKE YOUR SELECTION. OKAY, WE'RE GOING TO
STOP THE POLLING NOW AND LET'S SHARE THE CORRECT ANSWER ON THE NEXT SLIDE. AND THE CORRECT
RESPONSE IS A, BROOKHAVEN AND MEMPHIS. WOO-HOO, I SEE THAT 88% OF YOU RESPONDED CORRECTLY. THANK
YOU SO MUCH. VERONICA? VERONICA TUBMAN: OKAY. YOU ARE WELCOME. SO, EVERYBODY JUST REMEMBER THAT
WE HAVE TWO CENTRALIZED SITES, AND YOU GOT THAT RIGHT, YOU WERE RIGHT ON POINT. BROOKHAVEN AND
MEMPHIS WHERE WE SEND THE OFFER DEPENDS ON THE STATE WHERE YOU LIVE, AND YOU CAN ALWAYS GO IN
IRS.GOV AND VERIFY IT. ALRIGHTY, LET'S SEE. EVETTE, YOU'RE UP NEXT WITH MORE ABOUT OFFERS. EVETTE
DAVIS: ALL RIGHT. THANK YOU SO MUCH, VERONICA. GREAT JOB, EVERYBODY. NOW LET'S LOOK AT STEP NUMBER
FOUR, OFFERS IN THE CENTRALIZED OFFER IN COMPROMISE CAMPUSES. SO, THESE ARE THE OFFERS LISTED ON
THE SCREEN THAT ARE INVESTIGATED IN THE COIC. THE CENTRALIZED OFFER IN COMPROMISE CAMPUSES. THAT
INCLUDES, THOSE FOR YOUR WAGE EARNERS. THIS IS FROM INDIVIDUALS WHO RECEIVED W2 AT THE END OF THE
YEAR, IT WILL ALSO INCLUDE SELF-EMPLOYED FOLKS, THOSE INDIVIDUALS QUALIFIED TO FILE A SCHEDULE C
WITH THEIR 1040S AND IT ALSO INCLUDES CERTAIN BUSINESSES. THESE ARE THE OFFERS FOR THE
CORPORATIONS, LIMITED LIABILITY COMPANIES, PARTNERSHIPS, ESTATES AND TRUSTS AND THE OTHER ONE THAT
YOUR CENTRALIZED OFFER IN COMPROMISE CAMPUSES INVESTIGATE ARE THE DOUBT AS TO LIABILITY OFFERS,
OKAY. SO, WAGE-EARNERS, SELF-EMPLOYED CERTAIN BUSINESSES, DOUBT AS TO LIABILITY OFFERS ARE ALL
HANDLED BY COIC, THE CENTRALIZED OFFER IN COMPROMISE CAMPUSES. NEXT, STEP NUMBER FIVE, OFFERS IN
THE FIELD OFFER IN COMPROMISE OR FOIC. THESE ARE THE OFFERS THAT ARE INVESTIGATED IN THE FIELD,
INCLUDES, BUSINESSES, PAYROLL SERVICE PROVIDERS, DOUBT AS TO LIABILITY OFFERS ON TRUST FROM THE
RECOVERY PENALTIES OR TFRP, AS WELL AS PERSONAL LIABILITIES FOR EXCISE TAX. THEY ALSO INVESTIGATE
TAXPAYERS WHO RESIDE ABROAD, TAXPAYERS WHO HAVE DOCKETED TAX COURT CASES, AS WELL AS OFFERS IN
WHICH THERE IS THE DEPARTMENT OF JUSTICE INVOLVEMENT. OKAY, NOW ON TO STEP SIX, THE OFFER
IN COMPROMISE INVESTIGATION. SO, WHEN THE OFFER IS ASSIGNED TO AN OFFER EXAMINER OR OE, OR AN
OFFER SPECIALIST, AN OS, THEN THE SIGNED EMPLOYEE WILL, ONE, VERIFY COMPLIANT; TWO, CONDUCT
RESEARCH USING INTERNAL AND EXTERNAL SOURCES. THREE, THEY WILL COMPLETE THE FINANCIAL ANALYSIS, NOW
THIS IS GOING TO INCLUDE VERIFYING THE TAXPAYER'S SUBMITTED INFORMATION AND SOME ADDITIONAL ASSET
AND INCOME THAT MAYBE FOUND DURING THEIR RESEARCH, IF THERE IS ANY. THE ASSIGNED EMPLOYEE WILL
ALSO REACH OUT TO THE TAXPAYER OR THE POWER OF ATTORNEY VIA TELEPHONE, OR THROUGH CORRESPONDENCE
AND THIS IS GOING TO TAKE PLACE TO SECURE THE SUBSTANTIATION IF IT'S NECESSARY. AND THEN THE
FOURTH THING THEY'LL DO IS, WHETHER IT'S THE OFFER EXAMINER OR THE OFFER SPECIALIST, THEY WILL MAKE
A PRELIMINARY DETERMINATION ON THE CASE, THEN SUBMIT IT THE RECOMMENDATION ITSELF TO THE MANAGER FOR
APPROVAL. NOW, THERE'S A SET OF DIFFERENT OR POSSIBLE RECOMMENDATIONS, RIGHT, ACCEPTANCE WHERE
WE'RE ALL GOING FOR. THE OFFER AMOUNT IS EQUAL TO OR MORE THAN THE REASONABLE COLLECTION POTENTIAL
AS CALCULATED BY THAT OFFER EXAMINER OR OFFER SPECIALIST. NOW, IN CERTAIN SITUATIONS THE OFFER
AMOUNT LESS - IS LESS THAN THE CALCULATED REASONABLE COLLECTION POTENTIAL, IT MAY BE RECOMMENDED
FOR ACCEPTANCE IF THERE ARE SPECIAL CIRCUMSTANCES. OKAY, ANOTHER POSSIBLE RECOMMENDATION MAYBE A
REJECTION. THE OFFER AMOUNT IF LESS THAN THE CALCULATED REASONABLE COLLECTION POTENTIAL AND THERE
ARE NO SPECIAL CIRCUMSTANCES THAT EXIST. BUT ANOTHER POSSIBLE RECOMMENDATION IS THAT THE OFFER
MAYBE RETURNED. AND THESE ARE OFFERS WHERE - THESE OFFERS ARE RETURNED IF THE TAXPAYERS ARE NOT OR
THEY FAILED TO STAY IN COMPLIANCE WITH PAYMENTS AND FILING AT ANY TIME DURING THE RECEIPT OF THE
OFFER, AND OR DURING THE INVESTIGATION. OFFERS CAN ALSO BE RETURNED IF THE TAXPAYERS FAIL TO
PROVIDE ALL REQUESTED CRITICAL INFORMATION. SO, PLEASE, PLEASE RESPOND AND RETURN INFORMATION
THAT IS REQUESTED IN A TIMELY MANNER. ANOTHER POSSIBLE RECOMMENDATION, WITHDRAWAL. THERE ARE TWO
TYPES OF WITHDRAWALS, THE FIRST IS VOLUNTARY, AND THIS IS REQUESTED BY THE TAXPAYER OR THE
REPRESENTATIVE. AND THIS CAN BE DONE BY PHONE OR THROUGH CORRESPONDENCE. THE SECOND IS A MANDATORY
WITHDRAWAL, AND THIS MAY HAPPEN WHEN THE TAXPAYER FAILS TO SUBMIT SUBSEQUENT PAYMENTS ON THE
PERIODIC PAYMENT OFFER OPTION AND THEN AND, IN THAT CASE, THE LOW-INCOME CERTIFICATION BOX WAS NOT
CHECKED ON THE FORM 656. AND THEN FINALLY WE HAVE TERMINATION. UNFORTUNATELY, THIS IS WHEN THE
TAXPAYER MAY HAVE DIED DURING THE OFFER INVESTIGATION, THEN AT THAT POINT, THE INVESTIGATION
CANNOT CONTINUE AND THEREFORE IS TERMINATED. YVETTE BROOKS-WILLIAMS: EVETTE, IT LOOKS LIKE WE HAVE
A FEW MORE QUESTIONS FROM THE PARTICIPANTS. EVETTE DAVIS: AWESOME. YVETTE BROOKS-WILLIAMS: THINK WE
HAVE TIME TO ANSWER THOSE NOW. EVETTE DAVIS: I THINK WE DO, WE GOT PLENTY OF TIME. YES, YES.
YVETTE BROOKS-WILLIAMS: AWESOME. SO, WHAT HAPPENS IF THE OFFER IS FILED JOINTLY AND ONE SPOUSE
DIES? VERONICA TUBMAN: THANK YOU, EVETTE. I'LL TAKE THAT ONE. EVETTE DAVIS: OKAY, GO FOR IT. YVETTE
BROOKS-WILLIAMS: THANK YOU, VERONICA. VERONICA TUBMAN: SURE, YOU'RE WELCOME. THESE ARE REALLY GOOD
QUESTIONS. SO, LET'S TALK ABOUT IT. WHAT HAPPENS IF THE OFFER IS FILED JOINTLY AND ONE SPOUSE
DIES? NOW THIS IS THE COMMON QUESTION. WHEN SPOUSES HAVE SUBMITTED A JOINT OFFER AND ONE SPOUSE
DIES, WHILE THE OFFER IS BEING INVESTIGATED. THE IRS CAN NO LONGER CONSIDER THE JOINT OFFER
UNFORTUNATELY. THE SURVIVING SPOUSE HAS THE OPTION OF AMENDING THE JOINT OFFER TO MAKE THE OFFER
ONLY FOR HIM OR HERSELF. IF THE SURVIVING SPOUSE DOES NOT AMEND THE JOINT OFFER, THE IRS MUST
RETURN THE JOINT OFFER. AND FOR MORE INFORMATION ON THAT, YOU CAN REFER TO AN INTERNAL REVENUE
MANUAL 5.8.10.4.1 AND THAT'S RELATED TO DEATH OF A TAXPAYER AS A REFERENCE. YVETTE
BROOKS-WILLIAMS: THANK YOU SO MUCH, VERONICA. I HAVE ANOTHER QUESTION FOR ONE OF THE LADIES. I
SUBMITTED A FORM 656 FOR A HUSBAND AND WIFE, WHY IS THE IRS NOW ASKING FOR ADDITIONAL FORM 656?
VERONICA TUBMAN: OKAY, YVETTE. I'LL TAKE THAT ONE AS WELL. JUST REMEMBER, THIS IS ALL BASED ON
WHOM IS LEGALLY RESPONSIBLE FOR THE TAX LIABILITY. IF THE LIABILITIES ARE ALL JOINT ASSESSMENTS AND
THAT'S FOR FORM 1040 TAX RETURN THAT ARE MARRIED FILING JOINTLY. NOW, ONLY ONE OFFER WILL BE
NEEDED IN THAT AND THE ONLY TIME WE REQUIRE AN ADDITIONAL FORM 656 IS WHEN THERE ALSO SEPARATE
ASSESSMENTS INVOLVED. SO LET'S LOOK AT AN EXAMPLE. THIS MAY INCLUDE THE HUSBAND AND WIFE HAVING
JOINT ASSESSMENT, BUT THE HUSBAND ALSO OWES FORM 941 TAX LIABILITIES AND MAYBE THAT'S FROM A SOLE
PROPRIETORSHIP HE HAD. A WIFE LEGALLY IS NOT LIABLE FOR THOSE 941 TAXES. AND THUS, TWO SEPARATE
OFFERS ARE REQUIRED BY LAW. SO THOSE ARE TWO SEPARATE ENTITIES. ONE OFFER WILL INCLUDE THE
HUSBAND'S 1040, AND HIS 941 TAX LIABILITIES FROM THE SOLE PROPRIETORSHIP. AND THE ASSESSMENT OFFER
WILL INCLUDE THE WIFE'S 1040 TAX. SO, IF ALL LIABILITIES ARE FROM RETURN THAT WERE FILED AS
MARRIED FILING JOINTLY AND TWO SEPARATE OFFERS WILL BE REQUIRED EVEN IF THE COUPLE IS STILL
MARRIED AND LIVING TOGETHER. SO, ANOTHER EXAMPLE IS, IF THERE IS THE TRUST FUND RECOVERY PENALTY, OR
WE CALL IT, TFRP ASSESSMENT. NOW THIS IS THE CIVIL PENALTY ASSESSED TO INDIVIDUAL FOR UNPAID
EMPLOYMENT TAXES FROM A BUSINESS. EVEN IF THE HUSBAND AND THE WIFE ARE BOTH ASSESSED, THE
IDENTICAL TRUST FUND RECOVERY PENALTY, TWO OFFERS ARE REQUIRED, BECAUSE THE ASSESSMENTS ARE IN ONE
OF THEIR NAMES SEPARATELY. THIS IS CALLED THE TRUST - THIS IS BECAUSE THE TRUST FUND RECOVERY
PENALTY AS WE STATED, ARE SEPARATE ASSESSMENTS, AGAIN, UNDER THE INTERNAL REVENUE CODE, 6672. SO
JUST KEEP IN MIND, THERE SHOULD BE AS MANY FORMS 656 AS THERE ARE ENTITIES. AN ENTITY IS THE INDIVIDUAL
OR THE BUSINESS THAT IS ASSESSED THE LIABILITY. SO, PLEASE SEE INTERNAL REVENUE MANUAL,
5.8.3.5 FOR COMPLETE DETAILS ON THE NUMBER OF OFFERS TO SUBMIT AND I HOPE THAT THAT'S HELPED.
HEY, EVETTE, YOU'RE UP. EVETTE DAVIS: AWESOME. WOW, THOSE WERE SOME GREAT. AND WE'VE GOT SOME
PEOPLE ON HERE TRYING TO GET SOME OFFERS THROUGH. THANKS, VERONICA. THANKS, YVETTE. LET'S LOOK AT
STEP NUMBER 7, WHICH IS THE OFFER IN COMPROMISE CLOSURE. SO, WHEN THE OFFER MANAGER RECEIVE THE
OFFER FOR A REVIEW, THE MANAGER WILL REVIEW FOR THE APPROPRIATENESS OF THE RECOMMENDATION, THEY'LL
REVIEW THE DETERMINATION LETTERS AND ANY INTERNAL DOCUMENT, THEY'RE GOING TO SIGN THE LETTERS AND
ANY INTERNAL DOCUMENT, AND THEN CLOSE THE CASE ON THE AUTOMATED OFFER IN COMPROMISE SYSTEM. NOW,
ON SOME INSTANCES, THE OFFER MAY NEED ADDITIONAL REVIEW BY THE FOLKS LIKE IRS COUNCIL, THE
ATTORNEYS, AS THEY MAY REVIEW ANY ACCEPTANCE RECOMMENDATIONS OF OFFERS WITH LIABILITIES GREATER
THAN $50,000, YOU MAY NEED ADDITIONAL REVIEW BY THE INDEPENDENT ADMINISTRATIVE REVIEWERS, ON THIS
WILL BE FOR ALL REJECTION RECOMMENDATIONS. THESE REVIEWERS ENSURE THE LEGITIMACY OF THE REJECTION
RECOMMENDATIONS. THEN WE HAVE ACCEPTED OFFERS WHICH ARE FORWARDED TO THE MONITORING OFFER IN
COMPROMISE FUNCTION, WHERE THEY ARE MONITORED FOR ADHERENCE TO THE FORM 656 CONTRACT. THESE
ACCEPTED OFFERS ARE MONITORED FOR FIVE YEARS AND DURING THOSE FIVE YEARS THE TAXPAYERS MUST
MAINTAIN PAYMENT AND FILING COMPLIANCE. OKAY, YVETTE, BEFORE WE MOVE ON, DO WE HAVE TIME FOR
ANOTHER POLLING QUESTION? YVETTE BROOKS-WILLIAMS: OF COURSE, WE DO. AUDIENCE, HERE'S OUR FINAL
POLLING QUESTION. WHICH TYPE OF OFFER IS NOT INVESTIGATED IN THE FIELD? IS IT A, INTERNATIONAL
TAXPAYERS; B, SELF-EMPLOYED; C, DOCKETED TAX COURT; OR D, PAYROLL SERVICE PROVIDERS? TAKE A MOMENT
AND CLICK THE RADIO BUTTON THAT BEST ANSWERS THE QUESTION, WHICH TYPE OF OFFER IS NOT INVESTIGATED
IN THE FIELD? A; INTERNATIONAL TAXPAYERS; B, SELF-EMPLOYED; C, DOCKETED TAX COURT; OR D, PAYROLL
SERVICE PROVIDERS. I'LL GIVE YOU A FEW MORE SECONDS TO MAKE YOUR SELECTION. OKAY, WE'RE GOING TO
STOP THE POLLING NOW AND LET'S SHARE THE CORRECT ANSWER ON THE NEXT SLIDE. AND THE CORRECT RESPONSE
IS B, SELF-EMPLOYED. LET'S SEE HOW MANY OF YOU RESPONDED CORRECTLY. UH-OH, 48% OF YOU RESPONDED
CORRECTLY. EVETTE, CAN YOU CLARIFY? EVETTE DAVIS: YEAH, THIS IS NOT - THANKS, YVETTE, NOW THIS IS
NOT A TRICK QUESTION. BUT YEAH, SO WHICH TYPE OF OFFER IS USUALLY NOT INVESTIGATED IN THE FIELD?
SO, B IS THE CORRECT ANSWER, SELF-EMPLOYED OFFERS, BECAUSE SELF-EMPLOYED OFFERS ARE INVESTIGATED
BY THE CENTRALIZED OFFER IN COMPROMISE CAMPUSES. ALL OTHERS LISTED ABOVE ON THE SLIDE ARE
INVESTIGATED BY FIELD SPECIALIST. ALL RIGHT. SO, AGAIN, LET'S JUST LOOK AT THIS JUST FOR A MOMENT
AS A QUICK REVIEW. WITH OFFERS IN THE FIELD, THOSE OFFERS THAT ARE INVESTIGATED INCLUDES THE
BUSINESSES, PAYROLL SERVICE PROVIDERS, DOUBT AS TO LIABILITY OFFERS AND THAT'S ON THOSE TRUST FUND
RECOVERY PENALTY TAXPAYERS WHO RESIDE ABROAD, THEY INVESTIGATE DOCKETED TAX COURT CASES, AS WELL
AS OFFERS WHERE THE DEPARTMENT OF JUSTICE IS INVOLVED. FOR THE CENTRALIZED OFFER IN COMPROMISE
CAMPUSES, THEY INVESTIGATE WAGE-EARNERS, THOSE FOLKS THAT GET THOSE W2S, SELF-EMPLOYED INDIVIDUALS
AND THOSE ARE THE FOLKS WHO QUALIFIED BY THE SCHEDULE CS WITH YOUR 1040S AS WELL AS THE CERTAIN
OTHER BUSINESSES AND DOUBT AS TO LIABILITY OFFERS. A LITTLE BIT OF A - NOT A TRICK QUESTION, BUT
YEAH SO THAT'S WHY THE ANSWER IS B. ALL RIGHT. YVETTE BROOKS-WILLIAMS: EVETTE, THANK YOU SO MUCH
FOR THE CLARIFICATION. AUDIENCE, I HOPE YOU FOUND IT AS HELPFUL AS I DID. AND EVETTE, I'M GOING TO
TURN IT RIGHT BACK OVER TO YOU NOW. EVETTE DAVIS: ALL RIGHT, ALL RIGHT, SOUNDS GOOD. SO LET'S GO
AHEAD AND LOOK AT SOME INTERESTING FACTS ABOUT THE OFFER IN COMPROMISE AND SOME RECENT STATISTICS.
THERE'S A LOT ON THIS SLIDE, SO I'LL GIVE YOU A MINUTE TO KIND OF TAKE IT IN, BUT WHAT YOU'RE
LOOKING AT HERE IS TOTAL DISPOSITIONS OF 46,485 OFFERS. THOSE THAT WERE NOT PROCESSABLE, 22%
ACCEPTANCES, 32% REJECTIONS, 17% RETURNS, 19% AND WITHDRAWAL OR TERMINATION, 11%. SO, LET'S TALK
ABOUT JUST A FEW OF THESE FIGURES THAT WE SEE. THESE PERCENTAGES REPRESENT A NATIONAL PROGRAM
TOTAL, EXCLUDING APPEALS CASES AND THE FIGURES ARE ROUNDED, SO AS A RESULT, YOU'VE PROBABLY
NOTICED THAT THEY DON'T REPRESENT 100% OF THE OFFERS, RIGHT. THE FIRST IS, NOT PROCESSABLE OFFERS.
SO NOT PROCESSABLE OFFERS ACCOUNTED FOR 22% OF THE TOTAL INVENTORY FOR FISCAL YEAR 2021. THERE ARE
FOUR MAIN REASONS THAT AN OFFER IS DETERMINED TO BE NOT PROCESSABLE. THE FIRST IS THE APPLICANT IS
IN AN OPEN BANKRUPTCY, OKAY. YOU CAN'T FILE AN OFFER IF YOU'RE AN OPEN BANKRUPTCY. THE NEXT, THE
REQUIRED FEE IS NOT PAID WITH THE APPLICATION. THEN THE TAXPAYER IS NOT COMPLIANT WITH FILING TAX
RETURN. AND THEN THE FOURTH REASON IS DETERMINED NOT TO BE NOT PROCESSABLE IS NONE OF THE INITIAL
PAYMENT IS INCLUDED WITH THE APPLICATION. NOW, ANOTHER AREA TO NOTE, IS THE NUMBER OF REJECTIONS.
REJECTIONS ARE WHEN THE SERVUCE CANNOT ACCEPT THE TAXPAYERS OFFER AMOUNT AND THE IRS OFFERS
THEM AN OPPORTUNITY TO APPEAL THEIR RECOMMENDATION. COMMON REASONS FOR REJECTION OF AN OFFER
INCLUDE, THE REASONABLE COLLECTION POTENTIAL CAN'T OR WON'T BE PAID BY THE TAXPAYER. THE TAXPAYER
CAN ACTUALLY FULL PAY OR THERE IS MISSING OR INCORRECT INFORMATION WHICH RESULTS IN AN INACCURATE
DETERMINATION OF THE REASONABLE COLLECTION POTENTIAL. AND THAT WOULD MEAN THE APPROPRIATE OFFER
AMOUNT IS NOT BEING OFFERED. AND THIS IS WHY IT'S STILL IMPORTANT THAT THE IRS RECEIVES UPDATED
INFORMATION FOR FINANCIAL INVESTIGATIONS. THERE ARE RETURNS - THE RETURN LISTED ON THE SLIDE
ACCOUNTED FOR 19% OF THE FISCAL YEAR 2021 INVENTORY. THE MAIN REASON OFFERS ARE RETURNED ARE THAT
TAXPAYERS DO NOT STAY IN COMPLIANCE OR THEY DON'T RESPOND TO A REQUEST FOR INFORMATION. OKAY. IT'S
INTERESTING TO NOTE THAT TAXPAYERS MAY WITHDRAW THEIR OFFERS AT ANY TIME DURING THE PROCESS. AND
JUST AS A REMINDER, IF A TAXPAYER DIES WHILE THE IRS IS IN THE PROCESS OF EVALUATING THEIR OFFER,
THEN THE SERVICE CAN NO LONGER CONSIDER THE OFFER. THE OFFER IS CONSIDERED TERMINATED AT THAT
TIME. THERE ARE SPECIALTY OFFER IN COMPROMISE THAT'S LIKE THE OTHER BUSINESS UNITS, THEY
CONTINUE TO RECOVER FROM COVID EVACUATIONS AND ARE OVERCOMING CHALLENGES TO ENSURE THAT THE IRS
PROVIDES TOP QUALITY SERVICE. OKAY, VERONICA. LET ME TURN THE NEXT SECTION OVER TO YOU. VERONICA
TUBMAN: THANKS, EVETTE FOR SHARING THOSE 2021 PROGRAM RESULTS. KIND OF INTERESTING INFORMATION.
OBJECTIVE 3, PROVIDE HELPFUL HINTS. NOW, LET'S MOVE ON. SO HERE ARE SOME HELPFUL HINTS YOU CAN
SHARE WITH TAXPAYER. ADVISE THE TAXPAYER TO STAY CURRENT AND THAT'S REALLY IMPORTANT WITH ALL
FILING AND PAYMENT REQUIREMENTS. IN ADDITION TO STAYING CURRENT WITH ANY ESTIMATED TAX PAYMENTS
THAT COME DUE, AND FEDERAL TAX DEPOSITS DURING THE EVALUATION PROCESS. SO, WE'RE TALKING ABOUT
STAY IN COMPLIANT. ALSO, BE SURE THAT TAXPAYER IS AWARE OF THE REQUIREMENTS TO REMAIN CURRENT FOR A
MINIMUM OF FIVE YEARS. NOW THAT'S FIVE YEARS AFTER THEIR OFFER IS EXPECTED. AND THAT'S INCLUDING
ANY EXTENSION TO FILE OR TIME TO PAY. THAT'S INCLUDED IN COMPLIANCE AS WELL. YOU CAN ALSO ADVISE
TAXPAYERS THAT UNLESS THE TAXPAYER QUALIFIES FOR THE LOW-INCOME WAIVER, BE SURE TO INCLUDE ALL
REQUIRED FEE AND THE INITIAL OFFER PAYMENTS AND CONTINUE TO MAKE ANY REQUIRED PAYMENTS AS THEY
BECOME DUE AND THAT'S DURING THE COURSE OF THE OFFER EVALUATION, BECAUSE YOU WANT TO MAKE SURE
THAT YOU STAY UP-TO-DATE ON YOUR PAYMENT DURING THAT EVALUATION PERIOD. FAILURE TO MAKE ANY
PAYMENTS DUE DURING THE OFFER EVALUATION IT MAY RESULT IN A MANDATORY WITHDRAWAL OF THE OFFER. AND
THAT'S WHEN THE OFFER IS GOING TO BE RETURNED WITH NO APPEAL RIGHTS GIVEN. YOU CAN ADVISE
TAXPAYERS THAT THEY CAN MAKE THEIR OFFER PAYMENT AND APPLICATION FEES THROUGH THE ELECTRONIC
FEDERAL TAX PAYMENT SYSTEMS AND WE CALL THAT EFTPS, THAT'S A SAFE SYSTEM TO MAKE ALL YOUR FEDERAL
PAYMENT THROUGH. YOU CAN ADVISE THE TAXPAYER AND TO ENSURE THAT THEY RESPOND TIMELY IF AND WHEN
THE IRS REQUEST ADDITIONAL INFORMATION. MAKE SURE THEY GET IT IN BEFORE THE DEADLINE THAT'S
ESTABLISHED IN THE CORRESPONDENCE. ENCOURAGE USE OF OUR CHECKLIST AND THAT'S INCLUDED IN THE FORM
656-B BOOKLET. AND THAT WILL HELP TO REDUCE OR ELIMINATE THE NEED FOR IRS TO REQUEST ADDITIONAL
INFORMATION. YOU CAN ALSO ADVISE TAXPAYERS TO ENSURE THEY LIST ALL PROPERTIES, ASSETS AND BUSINESS
INTEREST ON THE APPLICABLE FINANCIAL STATEMENTS AND THAT'S FORM 433-A OIC OR FORM 433-B OIC AND
MAKE SURE THEY PROVIDE ACCURATE VALUE. THIS INCLUDES THE VIRTUAL CURRENCY, WE TALKED ABOUT
BITCOIN A LITTLE EARLIER AND ANY OTHER ASSETS, AND LASTLY, ANY SUBSTANTIATION THAT ARE REQUIRED TO
BE SENT IN WITH THE APPLICATION AND JUST MAKE SURE THAT INFORMATION IF IT'S CURRENT AS IT POSSIBLY
CAN BE. AND FINALLY, HERE ARE SOME REMINDERS. ADVISE TAXPAYERS TO EXPLORE ALL OTHER PAYMENT
OPTIONS FIRST BEFORE SUBMITTING AN OFFER BEFORE SUBMITTING AN APPLICATION FOR AN OFFER IN COMPROMISE.
ENCOURAGE THE TAXPAYER TO USE THE OIC PRE-QUALIFIER TOOL TO DETERMINE THAT THE TAXPAYER IS
ELIGIBLE TO FILE AND OFFER REALLY GOOD TOOL TO HELP THAT DETERMINATION. ENSURE FORM-656 AND THE
FORM-433-A AND B OIC ARE ACCURATELY COMPLETED AND MAKE SURE THAT THEY HAVE ORIGINAL SIGNATURES.
COPIED SIGNATURES ARE NOT ACCEPTABLE. THE FINANCIAL FORM 433-A OIC AND FORM 433-B OIC THEY HAVE
CHECKLISTS AT THE END OF THEM, AND THAT WILL HELP YOU MAKE SURE THAT YOU'RE PROVIDING ALL THE GOOD
INFORMATION THAT WE NEED TO MAKE THE EVALUATION. USE THE CHECKLIST TO ENSURE YOU HAVE INCLUDED.
EVERYTHING NECESSARY TO PROCESS AND INVESTIGATE THE OFFER. THERE IS ALSO A CHECKLIST AT THE END OF
THE 656 BOOKLET, SO WE GOT CHECKLIST THAT HELP YOU THROUGH EVERYTHING. MAKE SURE ALL THE ITEMS
ARE ENCLOSED IN THE OFFER PACKAGE. JUST REMEMBER, WE HAVE A HOST OF OUTREACH VIDEOS ON THE IRS.GOV
WEBSITE. SOME OF THE VIDEOS WILL HELP YOU ASSIST AND EDUCATE THE TAXPAYER IN DETERMINING AND
COMPLETING THE OFFER APPLICATION. YOU KNOW IT'S A GREAT VISUAL RESOURCE HANDS-ON AND WE'RE
ENCOURAGE THEIR USE. THIS INCLUDES VIDEOS ON HOW TO COMPLETE FORM 433-A OIC, HOW TO COMPLETE
FORM 433-B OIC, HOW TO COMPLETE FORM 656 OIC AND THE FINAL OIC PACKAGE CHECKLIST. SO TODAY, WE'VE
GIVEN AN OVERVIEW OF THE WORLD OF OFFER IN COMPROMISE AND PROVIDED HELPFUL HINTS THAT WILL ASSIST
YOU AND HELP YOU TO UNDERSTAND THE OFFER PROCESS. AND THE MAIN GOAL IS TO ASSIST YOUR CLIENTS IN
SUBMITTING A PROCESSABLE OFFER. YOU KNOW, WE WOULD REALLY LIKE TO THANK YOU FOR YOUR TIME,
YOUR ENERGY AND YOUR ATTENTION TODAY, AND ENCOURAGE YOU TO SUBMIT QUESTIONS IF YOU HAVE THEM.
WELL, LOOK AT THAT, YVETTE, I THINK IT'S TIME FOR QUESTIONS. YVETTE BROOKS-WILLIAMS: YES. THANKS,
VERONICA. HELLO AGAIN. IT'S ME YVETTE BROOKS-WILLIAMS AND I'LL BE MODERATING THE Q&;A SESSION.
BEFORE WE START THE Q&;A SESSION, I JUST WANT TO THANK EVERYONE FOR ATTENDING TODAY'S PRESENTATION,
WORLD OF OFFER IN COMPROMISE. EARLIER, I MENTIONED WE WANT TO KNOW, WHAT QUESTIONS YOU HAD FOR OUR
PRESENTERS. SO HERE IS YOUR OPPORTUNITY. IF YOU HAVEN'T INPUT YOUR QUESTIONS THERE IS STILL TIME, GO
AHEAD AND CLICK ON THE DROPDOWN ARROW NEXT TO ASK A QUESTION FIELD. TYPE IN YOUR QUESTION AND
CLICK SEND. WE HAVE FOUR POLICY TAX ANALYSTS FROM OUR OFFER IN COMPROMISE DEPARTMENT JOINING US TO
ANSWER YOUR QUESTION. JENNIFER BATES HAS WORKED WITH THE INTERNAL REVENUE SERVICE 27 YEARS AND HAS
WORKED WITH THE OFFER PROGRAM FOR 11 YEARS. BILLGRODZICKI HAS WORKED WITH THE INTERNAL REVENUE SERVICE
FOR 35 YEARS AND HAS WORKED WITH THE OFFER PROGRAM FOR 16 YEARS. CATRINA DUGGER HAS WORKED WITH
THE IRS 28 YEARS AND HAS WORKED WITH THE OFFER PROGRAM FOR 12 YEARS. AND THEN, BEN GALFOND HAS WORKED
WITH THE IRS 21 YEARS AND HAS WORKED WITH THE OFFER PROGRAM FOR 15 YEARS. SO, YOU HAVE A WHOLE HOST
OF EXPERTISE TO ANSWER YOUR QUESTIONS. BUT ONE THING BEFORE WE START, WE MAY NOT HAVE TIME TO
ANSWER ALL THE QUESTIONS SUBMITTED, BUT WE WILL ANSWER AS MANY AS TIME ALLOWS. SO, LET'S GET
STARTED SO WE CAN GET TO AS MANY QUESTIONS AS POSSIBLE. SO, LET'S GET STARTED. I HAVE A QUESTION
FOR CATRINA - LET'S SEE HERE - FOR CATRINA, FOR THE PRE-QUALIFIER. DOES TAX DEBT ENTERED NOT
INCLUDE ANY INTEREST OR PENALTY ALSO DUE? AND ALSO, IF YOU DON'T MIND, CAN YOU DESCRIBE THE
PRE-QUALIFIER TOOL IN GENERAL, DISCUSSING WHAT IT IS, WHAT IS CONSIDERED INCOME ET CETERA AND DOES
THAT PRE-QUALIFIER TOOL POPULATE THE 656. CATRINA DUGGER: GOOD AFTERNOON AND THANK YOU SO MUCH FOR
THAT QUESTION. AND I JUST WANT - I'M JUST SO GLAD TO SEE ALL THE PARTICIPANTS TODAY. AND THANK YOU
FOR THAT QUESTION. SO JUST TO START OFF, THE OIC PRE-QUALIFIER TOOL WHICH IS ALSO FOUND ON IRS.GOV
WEBSITE, IT REQUESTS THAT THE TAXPAYER FIRST OF ALL ENTER THEIR TOTAL TAX LIABILITY WHICH SHOULD
ALSO INCLUDE YOUR PENALTIES AND INTEREST. THE TOOL ALSO ASKS FOR YOUR TOTAL IRS TAX DEBT AND MAKE
SURE YOU INCLUDE THAT IN WHOLE DOLLARS. THE PRE-QUALIFIER TOOL, IT UTILIZES DATA TO KIND OF
DETERMINE A PROPOSED ELIGIBILITY FOR THE OFFER PROGRAM. WHILE WE KNOW THAT TOOL DOES NOT GUARANTEE
ACCEPTANCE, IT DOES PROVIDE A SNAPSHOT OF THE POTENTIAL OFFER ELIGIBILITY AND SOME PAYMENT OPTIONS
WHICH INCLUDE YOUR LUMP SUM CASH OFFERS FOR YOUR PERIODIC PAYMENT OFFERS. THE TOOL CAN ALSO SHOW
THAT A TAXPAYER CAN FULL PAY THE AMOUNT. BUT WE DON'T WANT TO DISCOURAGE ANY TAXPAYERS FROM
SUBMITTING IN OFFER, BECAUSE WE MAKE OUR FINAL DECISION BASED ON A OIC COMPLETED APPLICATION AND A
FULL FINANCIAL INVESTIGATION. AND JUST AS A REMINDER, THE OIC PRE-QUALIFIER TOOL IS USED ONLY FOR
OUR INDIVIDUAL TAXPAYERS ONLY. AND IT DOES NOT GO FOR BUSINESSES. AND IT DOESN'T POPULATE THE FORM
656, SO YOU'RE ACTUALLY GOING TO HAVE TO COMPLETE THAT. AND YOU CAN GET THE FORM 656-BOOKLET AND
COULD BE DOWNLOADED AGAIN FROM THE IRS.GOV WEBSITE. AND MAKE SURE, WHEN YOU'RE COMPLETING THE FORM
656, REMEMBER, THAT YOU'RE GOING TO NOTE THAT EACH TAX PERIOD AND EACH YEAR THAT THE TAX PERIOD
ARE ACTUALLY OWED. I HOPE THAT CLEARS YOU THAT. THANK YOU. YVETTE BROOKS-WILLIAMS: THANK YOU,
CATRINA. THANK YOU SO MUCH. BILL, WHAT HAPPENS WHEN THE TAXPAYER HAS ACTUAL EXPENSES THAT EXCEEDS
THE STANDARD AMOUNT? AND THEY CALCULATE THEY CAN MAKE PAYMENT, BUT DON'T HAVE THE DISPOSABLE
INCOME IN REALITY? BILL GRODZICKI: THANK YOU VERY MUCH FOR THAT QUESTION. THAT'S A REAL GOOD QUESTION.
BASICALLY, WE HAVE THIS STANDARD THAT WE USE ALLOWABLE LIVING EXPENSE. AND THESE MAYBE ALLOWED IF THEY
COULD PROVIDE DOCUMENTATION THAT'S JUSTIFIES AND SUBSTANTIATE THOSE ADDITIONAL EXPENSE. THESE
EXPENSES THEY MUST BE REASONABLE IN AMOUNT FOR THE SIZE OF THEIR FAMILY, AND THE GEOGRAPHIC
LOCATION AND AS WELL AS THERE COULD ALSO BE SOME VERY INDIVIDUAL AND UNIQUE CIRCUMSTANCES. SO, WE
TEND TO TAKE THINGS LIKE THIS ON A CASE BY CASE BASIS, WE'RE NOT APPLYING LIKE ANY KIND OF A - IT
WOULDN'T BE SITTING LIKE A PRECEDENT IF WE DID IT ON ONE OFFER AND DIDN'T DO IT ON ANOTHER, IT'S
GOING TO BE, AGAIN, IT'S VERY UNIQUE CIRCUMSTANCES AND ARE GOING TO BE TAKEN ON A CASE BY CASE.
SO, HOPE THAT HELPS CLEAR IT OUT. YVETTE BROOKS-WILLIAMS: YES, THANK YOU SO MUCH, BILL. JEN, -
EXCUSE ME, OUR POA HAS A CLIENT WHO HAS LARGE TAX LIABILITY BUT MOVED FULL TIME TO LEBANON. CAN I
USE NATIONAL STANDARDS FOR SOME OF THE LIVING EXPENSES, OR I MUST ONLY USE ACTUAL NUMBERS?
JENNIFER BATES: THANK YOU, YVETTE AND GOOD AFTERNOON, EVERYONE. THANK YOU FOR THAT QUESTION. THAT
IS A GREAT QUESTION. UNFORTUNATELY, THE ALLOWABLE LIVING EXPENSE STANDARDS THAT WE HAVE, ARE BOTH
THE NATIONAL OF COURSE AND THE LOCAL STANDARDS ARE NOT AVAILABLE FOR TAXPAYERS WHO LIVE ABROAD.
THEY WILL HAVE TO SUBMIT THE ACTUAL EXPENSE. THEY WILL NEED TO PROVIDE THAT ALONG WITH
VERIFICATION IN ORDER FOR US TO CONSIDER THEIR EXPENSES ABROAD. I HOPE THAT ANSWERS THE QUESTION.
YVETTE BROOKS-WILLIAMS: THANK YOU, JEN. BILL, I'M GOING TO COME BACK TO YOU. WHAT IS THE
MONITORING OFFER IN COMPROMISE PAYMENT PROCESS? BILL GRODZICKI: AGAIN, YES, VERY GOOD QUESTION. SO, BASICALLY
WHAT THIS IS, PAYMENTS ON AN OFFER SHOULD CORRESPOND TO THE ACCEPTED TERMS THAT ARE ON THE FORM
656 YOUR OFFER IN COMPROMISE FORM AND OR THAT FORM 14640 WHICH WOULD BE THE ADDENDUM TO FORM 656.
THE MONITORING OFFER IN COMPROMISE GROUP IS GOING TO MONITOR ALL ACCEPTED OFFERS FOR COMPLIANCE
WITH THE OFFER TERMS INCLUDING MAKING ANY REQUIRED PAYMENTS. SO, IF TAXPAYER HAS A QUESTION ABOUT
THEIR PAYMENT SCHEDULE OR REQUESTS AN EXTENSION OF TIME TO MAKE A PAYMENT. AND TYPICALLY, ONLY ONE
EXTENSION IS GOING TO BE GRANTED OVER THE COURSE OF YOUR OFFER TERMS. THE MONITORING OFFER IN
COMPROMISE TAX EXAMINER WILL SEND OUT A LETTER WITH 274-C WHICH WE SENT TO CONFIRM WHAT HAVE BEEN
REQUESTED. SO, IF PAYMENT IS MISSED, THE TAXPAYER WILL ALSO RECEIVE A LETTER IN THIS CASE, IT'D BE
A LETTER 2909-C TO EXPLAIN WHAT IS NEEDED AND GIVE THEM THE OPPORTUNITY TO GET CAUGHT OFF. A
TAXPAYER CANNOT MAKE UP THE MISSING PAYMENTS, BUT THEN THE OFFER IS DEFAULTED AND UNFORTUNATELY
THE ORIGINAL BALANCE DUE PLUS ANY PENALTIES AND INTEREST THAT HAVE ACCRUED FROM THE DATE THAT WE
ACCEPTED THE OFFER, LESS OF COURSE PAYMENTS THAT WERE RECEIVED WHILE THE OFFER WITHIN PROGRESS AND
ANYTHING THAT WERE SUBSEQUENTLY MADE. IT'S GOING TO BE REINSTATED AND TAXPAYER WILL HAVE TO START
ON ALL OVER AGAIN IN A RECEIVED COLLECTION NOTICES AND THINGS OF THAT NATURE. DOESN'T PREVENT THEM
FROM MEETING ANOTHER OFFER IN COMPROMISE, BUT IT DOES START THE PROCESS AGAIN FROM SCRATCH. WE
HAVE SOME VARIOUS REFERENCES THAT WE HAVE IN CERTAIN IRMS, THE FIRST ONE WOULD BE, IRM 5.19.7.2.1,
THE NEXT WOULD BE IRM 5.19.7.14.1 AND FINALLY WE HAVE 5.19.17.14.2, THESE ARE ALL WITHIN THE
MONITORING OFFER IN COMPROMISE INTERNAL REVENUE MANUAL. YVETTE BROOKS-WILLIAMS: THANKS, BILL. LET'S
SEE IF I CAN TAKE BEN FOR A QUESTION. BEN, ON A BUSINESS OFFER IN COMPROMISE, DOES THE BUSINESS
HAVE TO MAKE PAYMENTS WHILE AWAITING THE OFFER? BEN GALFOND: HI, EVERYONE. AND THANK YOU FOR THAT
QUESTION. SO, THERE IS A LOT TO THIS QUESTION JUST TALKING ABOUT PAYMENTS, SO I'M GOING TO DO MY
BEST TO ANSWER FROM EVERY ANGLE. FIRST OFF, IF A BUSINESS REQUESTS A PERIODIC PAYMENT OFFER, THEN
THE ANSWER IS YES. YOU GOT TO MAKE PAYMENTS THAT MUST BE SUBMITTED EACH MONTH WHILE THAT OFFER IS
BEING EVALUATED. NOW IF THE BUSINESS JUST REQUEST THAT LUMP SUM CASH OFFER, THEN ONLY THAT 20%
INITIAL PAYMENT IS DUE WITH THE FORM 656, OF COURSE, WITH ANY BUSINESS OFFER IN COMPROMISE, YOU
HAVE TO SUBMIT THAT ONE-TIME APPLICATION FEE OF $205, THAT WE REVIEWED EARLIER WHEN YOU SUBMIT
THAT OFFER. AND PLEASE, PLEASE DO NOT FORGET, ANY BUSINESS EXCEPT FOR SOLE PROPRIETORSHIPS, DO NOT
QUALIFY FOR THAT LOW-INCOME WAIVER AND MUST ALWAYS SUBMIT OFFER PAYMENTS IN AN APPLICATION FEE. IN
ADDITION, WE TALK ABOUT PAYMENTS, I'M NOT SURE YOU KNOW WHAT KIND OF ANGLE THE QUESTION WAS COMING
IN THAT. BUSINESSES MUST ALWAYS REMAIN IN COMPLIANCE THROUGHOUT THE ENTIRE OFFER PROCESS AND SO
WHAT ITS COMPLIANCE MEAN, WE WENT OVER THIS BEFORE, TAX RETURN FILINGS, FEDERAL TAX DEPOSITS AND
ES PAYMENTS IF APPLICABLE. NOW TALKING ABOUT PAYMENTS, WE DIDN'T TALK ABOUT INSTALLMENT AGREEMENT
PAYMENTS, WHAT IF A BUSINESS IS ON A CURRENT INSTALLMENT AGREEMENT, IF A CURRENT INSTALLMENT
AGREEMENT IS THERE, AND THEN AN IS OFFER IS SUBMITTED, THOSE ARE THE PAYMENTS THAT WILL START, A
BUSINESS NO LONGER NEEDS TO CONTINUE MAKING INSTALLMENT AGREEMENT PAYMENTS WHILE THAT OFFER IS
BEING EVALUATED. AND ONE LAST ITEM, I JUST WANT TO MAKE SURE EVERYONE IS AWARE OF THIS, THERE WAS
A RECENT POLICY CHANGE REGARDING COMPLIANCE, A BUSINESS MUST BE CURRENT WITH ALL FEDERAL TAX
DEPOSITS, FOR THE TWO QUARTERS PRIOR TO OFFER SUBMISSION, RIGHT IN ADDITION TO THE CURRENT QUARTER
THAT THE OFFER IS SUBMITTED AND THEN ALWAYS STAY CURRENT THROUGHOUT THE OFFER EVALUATION. SO I
KNOW THERE WAS A LOT TO THAT. HOPEFULLY THAT ANSWER IT. YVETTE BROOKS-WILLIAMS: OH, YES. I'M SURE
IT ANSWERED IT. OKAY, SO LET ME SKIP OVER TO CATRINA. WHAT DOES OIC CONSIDER ITS INCOME, CATRINA?
IF YOU COULD ANSWER THAT FOR US. CATRINA DUGGER: DEFINITELY, DEFINITELY AND THANK YOU AGAIN AND
THANK YOU AGAIN FOR THE QUESTION. SO, WHAT DO WE CONSIDER AS INCOME. AN INCOME OF COURSE IS USED
FOR THE BASIS OF DETERMINING YOUR ACCEPTABILITY OF AN OFFER. AND IT CAN COME FROM VARIOUS SOURCES,
INCLUDING WHAT WE CONSIDER GROSS WAGES, SOCIAL SECURITY, PENSION AND UNEMPLOYMENT. AND WE
CONSIDER - ALSO WE CONSIDER INTEREST AND DIVIDENDS. WE CONSIDER NET BUSINESS
INCOME, AND EVEN THE NET RENTAL INCOME. SO, THE OFFER PROGRAM ALSO CAN CONSIDER ANY OF THE INCOME
RECEIVED FROM ALIMONY, CHILD SUPPORT, ANYTHING TO ASSIST IN DEVELOPING A TRUE FINANCIAL PICTURE TO
DETERMINE ELIGIBILITY FOR THIS PARTICULAR PROGRAM. SO, I HOPE THAT ANSWERS IT THAT WE CAN - INCOME
CAN COME FROM A VARIOUS NUMBER OF SOURCES. YVETTE BROOKS-WILLIAMS: THANK YOU, CATRINA. AND
AUDIENCE, WE HAVE TIME FOR ONE MORE QUESTION. SO LET ME ASK TO BEN. BEN, THE QUESTION IS, I HAVE
CLIENTS WHO OWN BUSINESSES AND ARE LOOKING FOR FILE OFFERS. WHAT DO THEY NEED TO DO BEFORE
SUBMITTING THE OFFER? BEN GALFOND: ALL RIGHT, THANK YOU FOR THAT QUESTION IN OTHER BUSINESS OFFER IN
COMPROMISE QUESTION, SO I'M GOING TO KIND OF BUILD OFF MY PREVIOUS ANSWER FIRST AND FOREMOST,
BUSINESSES MUST BE IN FILING AND PAYMENT COMPLIANT. WHAT IS FILING COMPLIANT, I MEAN FILING ALL
REQUIRED TAX RETURNS FOR THE PAST SIX YEARS, INCLUDING THE CURRENT YEAR. AND PAYMENT COMPLIANCE,
IN THE TAX PERIOD MUST BE CURRENT, WITH ALL ESTIMATE TAX PAYMENTS AND OR FEDERAL TAX DEPOSITS, AND
AGAIN, LIKE I MENTIONED BEFORE, THE CHANGE IN RECENT GUIDANCE FTDS MUST BE CURRENT FOR THE TWO
PREVIOUS QUARTERS PRIOR TO OFFER SUBMISSION AS WELL AS THE QUARTER AT THE OFFER SUBMITTED. AND
THEN OF COURSE, COMPLIANCE MUST ALWAYS BE MAINTAINED THROUGHOUT THE OFFER INVESTIGATION. SO THAT
IS FIRST AND FOREMOST, FILING AND PAYMENT COMPLIANCE FOR THE BUSINESS. AND, OF COURSE, WHEN A
BUSINESS IS SUBMITTING AN OFFER, YOU HAVE TO SUBMIT THE APPLICATION FEE AS WELL AS THE
APPLICABLE OFFER PAYMENTS, BECAUSE AGAIN I MENTIONED BEFORE, BUSINESS ENTITIES DO NOT QUALIFY
FOR THAT LOW-INCOME WAIVER, OF COURSE, UNLESS IT'S A SOLE PROPRIETORSHIP. NOW, IF YOUR BUSINESS,
WHAT DO YOU DO? YOU'RE UNABLE TO UTILIZE THAT PRE-QUALIFIER TOOL ON IRS.GOV, CATRINA MENTIONED
THAT BEFORE, THAT TOOL IS FOR INDIVIDUALS ONLY. BUT YOU WANT TO DO IS YOU CAN REVIEW THAT FORM
656-BOOKLET AND YOU'RE GOING TO COMPLETE THE FORM 656 WHICH IS THE OFFER IN COMPROMISE, THAT FORM
656 IS USED BY BOTH INDIVIDUALS AND BUSINESSES, SECTION 2 IS FOR BUSINESSES AND THEN YOU WANT TO
COMPLETE THE FORM 433-B OIC, AND THAT'S A COLLECTION INFORMATION STATEMENT FOR BUSINESSES. ONE LAST
NOTE, IF YOUR BUSINESS SUBMITTING AN OFFER, MAKE SURE YOU READ THROUGH THAT FORM 656-BOOKLET,
THERE WAS A SECTION ON TRUST FUND TAXES AND THAT'S EXTREMELY IMPORTANT TO REVIEW. ALL RIGHT, SO
FOR BUSINESS OFFERS. THANK YOU. YVETTE BROOKS-WILLIAMS: THANK YOU, SO MUCH, BEN. WE APPRECIATE
THE INFORMATION. OKAY, SO AUDIENCE, SADLY I'M GOING TO HAVE TO SAY THAT'S ALL THE TIME WE HAVE FOR
QUESTIONS. I WANT TO THANK OUR PRESENTERS AND OUR SUBJECT MATTER EXPERTS FOR SHARING THEIR KNOWLEDGE AND
AND EXPERTISE AND FOR ANSWERING YOUR QUESTION. BEFORE WE CLOSE THE Q&;A, EVETTE,
WHAT KEY POINTS THAT YOU WANT THE ATTENDEES TO REMEMBER FROM TODAY'S WEBINAR? EVETTE DAVIS:
THANKS, YVETTE. AND YEAH, I AGREE WITH YOU. GREAT QUESTIONS, GREAT INFORMATION AND THANKS FOR
ALLOWING ME TO HAVE SOME KEY POINTS. OKAY, FOLKS SO THERE ARE THREE TYPES OF OFFERS, DOUBT AS TO
COLLECTABILITY, DOUBT AS TO LIABILITY, AND THE EFFECTIVE TAX ADMINISTRATION. REMEMBER THAT AN
OFFER IS NOT THE FIRST OPTION, PLEASE CONSIDER THE OTHER OPTIONS WE MENTIONED FULL PAY, BORROWING,
AND INSTALLMENT AGREEMENTS SO ON AND SO FORTH. AND REMEMBER FOLKS, SUBMIT THE OFFER USING THE MOST
RECENTLY REVISED FORM 656 WHICH I JUST CHECKED TO CONFIRM IS, THERE IS A RECENTLY REVISED FORM
656-BOOKLET IS APRIL 2022, SO IF YOU SUBMIT AN OFFER TODAY MAKE SURE YOU'RE USING THE FORM 656 FOR
ITS REVISED APRIL 2022, AND IT WILL ALSO INCLUDE IN THE BOOKLET OF FORM 433 A OR B WITH THE OIC
OFFER IN COMPROMISE SUFFIX BEHIND IT THAT MUST BE USED, THIS PARTICULAR FORM, THE 433-A OIC AND
THE FORM 433-B OIC IS SPECIFIC FOR AN OFFER IN COMPROMISE. AND THEN THE OTHER THING, MAIL YOUR
OFFER IN COMPROMISE TO THE CORRECT OFFER IN COMPROMISE SITE, BASED ON THIS STATE THAT YOU RESIDE,
BROOKHAVEN, NEW YORK OR MEMPHIS, TENNESSEE ARE THE TWO LOCATIONS. ANOTHER REMINDER, THERE ARE
SEVEN STEPS IN THE OFFER IN COMPROMISE LIFECYCLE. THERE ARE GREAT OFFER IN COMPROMISE VIDEOS
AVAILABLE AT WWW.IRSVIDEOS.GOV/OIC. OKAY, YVETTE, THAT'S ALL WE HAVE FOR KEY POINTS. BACK TO YOU.
YOU'RE PROBABLY DOUBLE-MUTED. YVETTE BROOKS-WILLIAMS: OH, THERE WE GO. CAN YOU HEAR ME NOW?
THANKS, EVETTE. AUDIENCE, WE ARE PLANNING ADDITIONAL WEBINARS THROUGHOUT THE YEAR. TO REGISTER FOR
ALL UPCOMING WEBINARS, PLEASE VISIT IRS.GOV, KEYWORD SEARCH WEBINARS AND SELECT THE WEBINARS FOR
TAX PRACTITIONERS OR WEBINARS FOR SMALL BUSINESSES. WHEN APPROPRIATE, WE WILL BE OFFERING
CERTIFICATES AND CE CREDIT FOR UPCOMING WEBINARS. AND ONE OF THE UPCOMING WEBINARS WE HAVE, NEXT
IS ON JUNE 9TH AND IT WILL BE ON FOREIGN INVESTMENT AND REAL PROPERTY TAX ACT, FIRPTA. AND IT'S
CURRENTLY POSTED ON IRS.GOV. WE DO INVITE YOU TO VISIT OUR VIDEO PORTAL AT WWW.IRSVIDEOS.GOV, AND
IT IS THERE YOU CAN VIEW ARCHIVE VERSIONS OF OUR WEBINARS AND PLEASE NOTE, CONTINUE ON EDUCATION
CREDIT OR CERTIFICATES OF INFLATION ARE NOT OFFERED IF YOU VIEW ANY VERSION OF OUR WEBINARS AFTER
- EXCUSE ME, THE LIVE BROADCAST - SORRY. AGAIN, A BIG THANK YOU TO EVETTE AND VERONICA FOR A
GREAT WEBINAR AND TO OUR TEAM FOR SHARING THEIR EXPERTISE AND FOR ANSWERING YOUR QUESTIONS. AND I
ALSO WANT TO THANK YOU OUR ATTENDEES FOR ATTENDING TODAY'S WEBINAR, WORD OF OFFER IN COMPROMISE. IF
YOU ATTENDED TODAY'S WEBINAR FOR AT LEAST 50 MINUTES FROM THE OFFICIAL START TIME OF THE WEBINAR,
YOU WILL QUALIFY FOR A ONE POSSIBLE CE CREDIT, AGAIN, THE TIME WE SPENT CHATTING BEFORE THE
WEBINAR STARTED DOESN'T COUNT TOWARDS THE 50-MINUTE. IF YOU ARE ELIGIBLE FOR THE CONTINUED
EDUCATION FROM THE IRS, AND REGISTER WITH YOUR VALID PTIN, YOUR CREDIT WILL BE POSTED IN YOUR PTIN
ACCOUNT. IF YOU QUALIFY AND HAVE NOT RECEIVED YOUR CERTIFICATE AND OR CREDIT BY JUNE 16TH, PLEASE
EMAIL US AT CL.SL.WEB.CONFERENCE.TEAM@IRS. GOV. THE EMAIL ADDRESS IS SHOWN ON THE SLIDE AS WELL.
NOW, IF YOU'RE INTERESTED IN FINDING OUT WHO YOUR LOCAL STAKEHOLDER LIAISON IS, YOU MAY SEND US AN
EMAIL USING THE ADDRESS SHOWN ON THIS SLIDE AND WE WILL GLADLY SEND YOU THAT INFORMATION. WE WOULD
APPRECIATE IT, IF YOU WOULD TAKE A FEW MINUTES TO COMPLETE A SHORT EVALUATION BEFORE YOU EXIT. IF
YOU'D LIKE TO HAVE MORE SESSIONS LIKE THIS ONE, LET US KNOW IF YOU HAVE THOUGHTS ON HOW WE CAN THEM
BETTER, PLEASE LET US KNOW THAT AS WELL. NOW, IF YOU HAVE A REQUEST FOR FUTURE WEBINAR TOPICS OR
PERTINENT INFORMATION YOU WOULD LIKE TO SEE IN AN IRS FACTSHEET, TAX TIP OR FAQ ON IRS.GOV, THEN PLEASE
INCLUDE YOUR SUGGESTIONS IN THE COMMENT SECTION OF THE SURVEY. CLICK THE SURVEY BUTTON ON THE
SCREEN TO BEGIN, IF IT DOESN'T COME UP, TRY TO MAKE SURE YOU'VE DISABLED YOUR POPUP-BLOCKER. AND I
JUST WANT TO SAY, IT HAS BEEN AN ABSOLUTE PLEASURE TO BE HERE WITH YOU AND ON BEHALF OF THE
INTERNAL REVENUE SERVICE AND OUR PRESENTERS, WE WOULD LIKE TO THANK YOU FOR ATTENDING TODAY'S
WEBINAR. IT'S IMPORTANT FOR THE IRS TO STAY CONNECTED WITH THE TAX PROFESSIONAL COMMUNITY,
INDIVIDUAL TAXPAYERS, INDUSTRY ASSOCIATIONS ALONG WITH FEDERAL, STATE AND LOCAL GOVERNMENT
ORGANIZATIONS, YOU MAKE OUR JOB A LOT EASIER BY SHARING THE INFORMATION THAT ALLOWS FOR PROPERTY
TAX REPORTING. THANKS AGAIN FOR TAKING TIME OUT OF YOUR DAY TO ATTEND TODAY'S WEBINAR AND WE HOPE
YOU FIND THE INFORMATION HELPFUL. WE CERTAINLY ENJOYED SHARING THAT WITH YOU. YOU MAY EXIT THE
WEBINAR AT THIS TIME.