From Panic to Plan: A Practical Crash Course in IRS Collection Alternatives

An IRS notice or a move toward a levy puts a taxpayer on a clock. The challenge is not just responding; it's identifying the alternative that fits the case and moving toward it before the taxpayer’s options narrow.

Rebecca Sheppard and Peter Haukebo walk through the primary paths available once the IRS starts collection action. The session covers how to read financial indicators early, apply the Internal Revenue Manual to real scenarios, and move a case from an initial notice to a settled, defensible plan.

In this session, you will:

• Review the primary collection alternatives, including Installment Agreements, Offers in Compromise, and Currently Not Collectible status
• Analyze financial indicators early in the process to determine a realistic outcome
• Identify the steps that move a case from an initial notice to a settled, defensible plan
• Apply the Internal Revenue Manual to real-world scenarios beyond basic form-filing

Continuing Education Credit

This session is eligible for 1 credit hour of CLE, CPE, and CE.