The Ultimate Workshop Series
Collections Statutes Expiration Date (CSED) & Bankruptcy and Federal Tax
TWO 3-Day Programs Available via ON-DEMAND ACCCESS
Purchase ONE 3-Day Program or BOTH 3-Day Programs and SAVE!
Reminder: No Credit for Recordings
PROGRAM 1:
Ultimate Bankruptcy & Federal Tax Workshop
WEBINAR CONCLUDED – ON-DEMAND PROGRAM AVAILABLE
3-Day Program
PROGRAM 2:
Ultimate Collection Statutes Expiration Date (CSED) Workshop
WEBINAR CONCLUDED – ON-DEMAND PROGRAM AVAILABLE
3-Day Program
…OR BUY BOTH AND SAVE!
Save $100 when you purchase both programs
PROGRAM 1 – The Ultimate Bankruptcy and Federal Tax Workshop
This one of a kind workshop will teach the attendees how to calculate Federal Tax Bankruptcy Discharge Dates. With the impending explosion in bankruptcy cases due to the COVID Crisis there are not enough trained bankruptcy attorneys familiar with these rules to handle the case load and they need help. This seminar will use both a traditional webinar format along with hands on real world scenarios (redacted) calculations of real cases using real IRS transcripts. Attendees will apply their knowledge and use the latest software to calculate accurate bankruptcy discharge dates. Attendees will be able to evaluate bankruptcy clients for tax debt resolution and tax resolution clients for bankruptcy options. The bankruptcy Means Test will be compared to the IRS Collection Information Statements to learn that the two forms are very similar and can be completed at the same time. Bonus materials will show attendees how to locate local Bankruptcy leads and how to identify local bankruptcy attorneys who are working cases.
DAY 1:
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The basics of bankruptcy
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Define Chapter 7, 11, and 13 bankruptcies.
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Identify the Bankruptcy Federal Tax Discharge Rules3 year, 2 year and 240 day rule.
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The Means Test
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Learn what the means test is and when is it used.
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Compare the means test to the IRS 433 forms.
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Learn when a means test is required and the steps involved in calculating the means test.
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DAY 2:
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Bankruptcy Federal Tax Discharge Rules
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Learn what the 3-Year, 2-Year and 240-Day Rules are and how they affect the Bankruptcy Tax Discharge Dates.
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Learn what qualifies as tax return.
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Learn how to identify if an original tax return has been filed pre SFR assessment.
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Learn how to identify the actual return filed date.
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Learn about the bankruptcy discharge equitable tolling events.
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Learn how to identify pertinent information on the IRS Tax Transcripts to Calculate the bankruptcy tax discharge dates.
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Learn the about the McCoy Ruling (Late filed returns).
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Learn about the Beard Test.
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DAY 3:
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Calculating Bankruptcy Discharge Dates (Practical Exercise)
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Attendees will evaluate multiple scenarios using real redacted transcripts using Excel and THS software.
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Initial scenarios will be done simultaneous with the instructor walking through the steps.
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Attendees will also be given additional scenarios to do on their own in which they will be graded on to insure they grasp the associated concepts.
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Includes 90 day license to Tax Help Software’s exclusive Bankruptcy Calculator software.
Learning Objectives
By the end of this course practitioners will have an in depth understanding of how Bankruptcy discharge rules apply to tax debt and how to calculate bankruptcy discharge dates. Practitioners will under the workings of the Bankruptcy Means test and how it operates in comparison to IRS Collection Information Statements, allowing side by side comparison. Attendees will be able to evaluate bankruptcy clients for tax debt resolution and tax resolution clients for bankruptcy options.
PROGRAM 2 – The Ultimate Collections Statutes Expiration Date (CSED) Workshop
The Collection Statue of Expiration Date (CSED) is a fundamental part of our tax system protecting taxpayers from endless collections efforts by the Internal Revenue Service (IRS). The Treasury Inspector General for Tax (TIGTA) estimates that 40% of CSEDs are calculated incorrectly by IRS personnel, extending collections on millions of taxpayers. This one of a kind workshop will give you the skills and tools you need to excel in a growing area of tax controversy practice, including exclusive training on TXMODA transcripts. The TXMODA contains information not available on regular IRS Transcripts that are vital for interpreting the client’s IRS status. These transcripts contain the IRS Collections Statute Expiration Dates, transaction closing codes, detailed collection status events and much more. This knowledge is a must for anyone doing collections and audit work. Learn not only how to properly calculate CSEDs but how to challenge incorrect CSEDs with the IRS, resulting in incalculable savings for your clients. Attendees will apply their knowledge and use the latest software to calculate accurate IRS CSED dates, ensuring you are ready to apply these valuable skills immediately in your practice.
DAY 1:
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TXMODA
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Learn Common Uses for TXMODA, including CSED Calculations.
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Learn how to request from IRS.
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Learn Different Types of TXMODA transcripts.
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Learn how to Analyze TXMODA transcripts.
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Collection Statutes Expiration Date (CSED) Intro
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Identify what a CSED is.
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Learn what a CSED tolling event is.
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DAY 2:
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Collection Statutes Expiration Date (CSED)
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Identify the tolling events that extend the CSED.
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Learn how to obtain the IRS CSED.
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Learn how to calculate the CSED.
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Learn how to contest the CSED if it is incorrect.
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Learn strategies for the best way to get your client to CSED before the IRS knows.
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DAY 3:
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Calculating CSED Expiration Dates (Practical Exercise)
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Attendees will evaluate multiple scenarios using real redacted transcripts using Excel and THS software.
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Initial scenarios will be done simultaneous with the instructor walking through the steps.
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Attendees will also be given additional scenarios to do on their own in which they will be graded on to insure they grasp the associated concepts.
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Includes 90 day license to Tax Help Software’s exclusive CSED Calculator software.
Learning Objectives
By the end of this course practitioners will have an in depth understanding of the Collection Statute Expiration Date. This includes valuable tools and techniques for correctly calculating the CSED and identifying opportunities for dispute with the IRS. Practitioners will also know the appropriate and effective steps to take with the IRS to successfully contest the CSED.
About the Instructor:
Roger W. Nemeth, Enrolled Agent and NTPI Fellow
Roger is a nationally recognized speaker who in the past year has presented to over 30,000 attendees from the National Association of Enrolled Agents (NAEA), Connecticut Bar Association (Bankruptcy Conference), American Society of Tax Problem Solvers (ASTPS), American Academy of Attorney-CPAs (AAA-CPA), California Society of Enrolled Agents (CSEA) and numerous other regional events. Roger is considered by many to be the nation’s leading expert on IRS transcripts and how to interpret the data. Roger revolutionized the tax resolution industry in a time when many were being investigated and shut down due to their failure to handle the complex tax issues that exist. Roger invented the IRS Transcript Report Analysis industry in 2009 when he quickly realized tax professionals were analyzing raw IRS data manually one taxpayer and one year at a time. In 2013 Roger launched Tax Help Software which quickly became the go to solution for tax professionals and bankruptcy attorneys. Every year Roger educates thousands of tax professionals across the country on how to analyze IRS transcripts. The THS Bankruptcy Seminar is Roger’s most advanced education session created to date. He created this seminar in a way that would allow the attendees to truly understand the concepts and do the calculations themselves.
Not For Credit
Not For Credit
Education Information:
Prerequisites: None
Advanced Preparation: None
Course Level: Intermediate
Delivery Method: Group Internet
Field of Study: Federal Taxes
CPE: 9 hours for each program