Update: National Collection Standards

This webinar defines what National Standards are and why they are important. It discusses the changes to the standards and provides some observations.

This program offers a thorough examination of the recent updates to the IRS Collection Financial Standards, crucial for tax professionals managing IRS collections cases. Participants will explore the origins and applications of these standards, which are based on data from the Bureau of Labor & Statistics and Consumer Expenditure Survey, and are essential in IRS offers in compromise and automated collection processes. The program also covers recent representative experiences and the practical implications of these standards in current IRS practices.

1 IRS CE/1 NASBA CPE*

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*Self-Study recording not available for NASBA CPE credit.