DIY: Reduce Unpaid Federal Tax thru IRS Offer in Compromise
5.0 (3 ratings)
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DIY: Reduce Unpaid Federal Tax thru IRS Offer in Compromise

Don't Believe the Media Hype ! File Your Own Offer in Compromise and Save Thousands in Fees on Attorneys & Accountants
5.0 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
46 students enrolled
Created by Ronald Cuie
Last updated 3/2015
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  • 1 hour on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Demonstrate a comprehensive understanding of how to file an Offer in Compromise (OIC) with the Internal Revenue Service (IRS) without incurrring the thousands of dollars charged by accontants and attorneys. Students who complete the course will be capable of; 1) Determining their eligibility to make application; 2) Completing all forms accurately; 3) Navigating the bureaucracy of the IRS involved with obtaining an approved OIC.
View Curriculum
  • Before starting this course, a student needs to know if they have any disposable income. They also need to be able to document all monthly cost, income, assets and liabilities.

The Offer in Compromise (or OIC) program, in the United States, is an Internal Revenue Service (IRS) program under 26 U.S.C. § 7122 which allows qualified individuals with an unpaid tax debt to negotiate a settled amount that is less than the total owed to clear the debt. This coursed covers the details involved in order to file an application for an OIC.

Through a series of three (3) sections and eight (8) lectures, this course of approximately an hour utilizes narrated PowerPoint slides to share information concerning the history, resources, economic and technical elements of filing an OIC.

Students should enroll if they or one of their contacts have a delinquent federal tax debt and want to learn how to file an OIC without paying thousands of dollars to a third party instead of doing it themselves with the help of this course.

Who is the target audience?
  • The normal and customary range of fees for getting attorneys, accountants or registered tax professionals to apply for your OIC is $1500.00 up to as much as $6000.00, depending on your particular situation. However, if you can follow instructions, do basic math and have the ability to get information over the telephone or in meetings, then you should do the legwork to file on you own and save a lot of money. However, you must also qualify to file. Here are the criteria to qualify for an OIC. Persons who should take this course are individuals who are either directly or indirectly seeking to solve tax debt issues. Many individual taxpayers have fallen into a situation where dealing with the IRS on tax debt seems to be mission impossible. They don't know the rules, terminology, options or their rights. And, while it may not be themselves who are in a bad tax debt situation, it may be a relative who is trying to borrow money from them to get out of trouble with the IRS. So, there are many scenarios where someone may benefit from this information. As a general principle, understanding how you can put your tax dollars to work is a good idea. However, when the IRS is threatening to destroy your financial future, one needs to know how to protect themselves. Only eligible persons should take this course. To be eligible, you must (1) file all tax returns you are legally required to file, (2) make all required estimated tax payments for the current year, and (3) make all required federal tax deposits for the current quarter if you are a business owner with employees. If you or your business is currently in an open bankruptcy proceeding, you are not eligible to apply for an offer. Any resolution of your outstanding tax debts generally must take place within the context of your bankruptcy proceeding
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Curriculum For This Course
Offer in Compromise...A History in Brief
3 Lectures 17:45

At the conclusion of the lecture, students will know (in brief) the history and policy decisions utilized to develop and vote into law by the feds this program.

The student can know what their Internal Revenue Service (IRS) driven options are if they currently have delinquent unpaid tax debt.

Preview 07:11

Designed to articulate the legal and policy framework for the Offer in Compromise (OIC), the lecture shares with the student the IRS Code under which it is authorized, the conditions or circumstance a taxpayer must be in prior to pursuing an OIC and what some of the pitfalls are of not seeking contact with the IRS to begin rectifying a delinquency.

At the conclusion of the lecture, students shall know the options available to them by the IRS and which option best suits their particular situation.

Preview 06:08

This lecture details what options are commonly utilized by taxpayers who need to resolve delinquent tax debt. Additionally, information is provided representing options to pursuing a for-fee approach to address the issue with the IRS.

Students will be able to understand the non-fee government resources available through the IRS and their elected officials in dealing with tax debt.

Official Network of Support
Caution…Construction Zone Ahead
2 Lectures 17:05

Here, the student is advised on the variety of information required to submit to the IRS in order for them to process an application for an OIC.

An itemized listing of the forms and attachments is provided for the student wishing to file an OIC.

Proper Prep

Information, forms and steps are covered in this lecture pertaining to the filling out of government forms in order to file for an OIC. The lecture goes beyond the forms to assist the student in obtaining the information requested in the forms and why it is relevant.

This lecture offers a road-map to the student so they may be aware of the step-by-step process involved in filing out all pertinent information for their application.

The “433 – A Game Plan”
Heavy Lifting
3 Lectures 22:19

Data on metrics of the OIC is shared in the context of the utilization and success experienced by those pursuing this approach to resolving delinquent tax debt. Information and recommendations are offered in order for the student filing an OIC to increase their chances of success.

At the conclusion of the lecture, students shall be able to have clarity as to why this is a very viable option to resolve federal tax delinquency.

What’s My Chances ?

Key points made throughout the course are revisited in order for the student to connect all elements of what they have been presented.

Upon completion of this lecture, students shall be informed on the areas of emphasis which increase the likelihood of having their application accepted and approved by the IRS.

Key Takeaways

As the course comes to an end, this lecture seeks to provide confidence to the student that they have made a wise choice to be pro-active in the resolution of delinquent tax debt. Final thoughts are offered that are designed to instill confidence in the process of working with the IRS to obtain all resources that they are entitled to and partner with the government toward a common solution of satisfying delinquent tax debt.

Students will have a comprehensive understanding of the process and the confidence to execute their application in a manner which rivals the professionals, albeit at no charge.

Strengthening Your Position

This quiz is a recap of the key theme(s) discussed throughout this course.

Reality Check
10 questions
About the Instructor
Ronald Cuie
5.0 Average rating
3 Reviews
46 Students
1 Course

Mr. Cuie was born in Los Angeles. He was a scholar and an athlete; and he received a scholarship to play football at Arizona State University and Oregon State University as a running back; and later he was drafted by the Chicago Bears. He received a B.A. in Business Administration from Oregon State University.

Leaving government, Mr. Cuie became an entrepreneur, establishing a company that specialized in agribusiness trade development between the U.S. and Western and Southern Africa. In that role Ron managed a number of significant firsts in a very competitive market.

Key assignments and achievements over Mr. Cuie's career include:

...Wrote educational and training programs for inmates in the Philadelphia Prison System. Activities and assignments pertained to the development of policies and innovative solutions to reduce recidivism and prison populations.

...Worked effectively with public administrators and elected officials at the federal, state and local levels to quantify social dividends associated with programmatic initiatives, earmark public funds andsuccessfully process budget request. Advocated for earned-income strategies as a means to support self-sustained social missions of non-profit organizations.

...As Principal and Founder of Progeni, LTD, promoted trade and economic development between the U.S. and fourteen (14) Francophone nations and South Africa. Negotiated reduced cost for shipping goods by consolidating cargoes and securing groundbreaking agreements for ports-of-entry of West African goods entering the U.S..Opened new markets in the U.S. for Francophone nations which assisted in economic development of sub-Saharan Africa.

...Served under three (3) Mayors for the City of Philadelphia.

...Exceptional performance for a major beverage firm. Responsible for twenty-four (24) route sales territories, distribution facility and profit & loss operation for $27 million annually. Grew net operating profit by 45%.

...Overachieved as Region Manager for Southeast Florida in the premier medical/surgical supply firm. Managed a 140, 000 square foot distribution facility for medical sales. Inventoried over 2,000 items, maintained a fleet of 15 tractor trailers and directed activities for 12 field reps and 35 support staff.