Description
NTPI Grad Class - Calculating the Collection Statute Expiration Date
IRS Program #: X9QQU-T-01189-24-O
CTEC #: 6257-CE-0343
CE: 2 IRS & 2 CTEC credits
Speaker: Clarice Landreth
This webinar is geared towards our NTPI Fellows, but all are welcome to join!
The collection statute of limitations is one of the critical items a tax representative must understand to represent a taxpayer with an outstanding tax liability properly. During this session, we will discuss the collection statute and what actions taken by a taxpayer (representative) will extend the statute. We will analyze transcripts to determine the CSED.
Learning Objectives:
- Understand the period of time the Internal Revenue Service has to collect a tax liability.
- Identify events that toll the collection statute.
- Locate entries on the transcripts that indicate a tolling event.