This webinar will give an overview of the IRS Offer in Compromise program. Topics will include: Offer in Compromise (OIC) and why it is used as a Collection tool - General overview of OIC Calculation including special circumstances - Discussion around the Offer in Compromise Pre-Qualifier Tool on IRS.gov and how it works.

This webinar provides an overview and answers the questions: What is the role of the IRS Insolvency function? How is the IRS notified of a bankruptcy filing? What effect does bankruptcy have on taxes and tax liabilities....and more.