Tax Seminar #3 – December 3 2012

Offer In Compromise Package Logistics Checklist
1. Will there be more than one OIC submitted (i.e. Joint vs. Single)? For a married couple,
there could be as many of 3 for them personally, plus corporate ones.
2. Send out blank signature pages to the client early. Have your client sign at least 3 for each
OIC to be submitted. This allows for errors or amendments in typing on the last page and
saves time trying to have the client come into the office for signatures or sending overnight
packages.
3. Similarly for 433-A (OIC) pages ; get multiple blank signature pages to the client to sign
early.
4. Get checks for payment early. Make sure you create flexibility by either obtaining several
blank checks or funds put into your client trust fund account EARLY. At least one check
for the $150 filing fee and another for the 20% deposit is needed for EACH OIC.
5. Talk with your client regarding extenuating circumstances which can be used to fill in
Section 3 of Form 656 and have them write a description of issues or gather medical
testaments from their doctor.
6. Client Authorization: At a minimum, an email is needed from the client confirming that
they have reviewed the package, that it is accurate, and authorizing you to submit it to the
IRS. Although the form no longer requires it, you may consider having your clients initial
each page.
7. Is the client current with estimated taxes?
NOTE: Check This List
at the BEGINNING
of the Process!!!!
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