Date: April 29 , 2025

Time: 1pmET | 12pm CT | 11am MT | 10am PT

Duration: 120 Minutes

Description:

When a taxpayer has an outstanding tax debt, the IRS may impose a Federal Tax Lien (FTL), leading to significant financial and legal challenges. Understanding the complexities of FTLs is essential for tax professionals to guide clients through potential risks and resolution strategies.

This instructor-led course provides a comprehensive overview of statutory federal tax liens, covering the conditions under which the IRS can file a Notice of Federal Tax Lien (NFTL) and the options available to taxpayers to prevent or modify its impact.

Key areas of focus include:

• The Fundamentals of Federal Tax Liens: What they are and how they affect taxpayers
  IRS Authority for Filing NFTLs: When and why the IRS can impose a lien
• Taxpayer Remedies and Resolution Strategies: Options to address or remove NFTLs, including lien subordination, discharge, withdrawal requests, and releases
• Advisory Timelines and Preventive Measures: Strategies to avoid NFTLs before they occur
• Appeal Rights and Credit Reporting: Understanding taxpayer rights in the appeal process and the latest changes to credit reporting related to NFTLs

Participants will gain actionable insights and practical strategies to help clients navigate the complexities of federal tax liens, reduce their financial exposure, and maintain compliance with IRS regulations.

Major Topics:

• Federal Tax Lien Creation: Understanding the process and legal basis
• IRS Authority for NFTL Filings: When and why the IRS can file a lien
• Taxpayer Remedies & Resolutions: Strategies for lien subordination, discharge, withdrawal, and release
• Impact of NFTLs on Clients: Financial, legal, and credit-related consequences
• IRS Lien Appeal Rights & Credit Reporting: Navigating appeals and understanding recent changes to credit reporting

Learning Objectives

• Identify the Conditions Under Which a Statutory Federal Tax Lien Is Created.
• Understand IRS Authority to File a Notice of Federal Tax Lien (NFTL) and the Criteria for Its Issuance.
• Recognize Available Taxpayer Remedies, Including Release, Withdrawal, Discharge, and Subordination of a Federal Tax Lien.
• Explain the Impact of an NFTL on a Taxpayer or Client, Covering Financial, Legal, and Credit Implications.
• Guide Clients Effectively on How to Prevent an NFTL, and Determine Which Resolutions Require a Lien Determination for Proper Handling.

Credits and Other information:

• Recommended CPE credit – 2.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 2 Hours

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker