Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - That the Independent Office of Appeals' primary role is to settle disputes based on the "hazards of litigation," not to re-examine a case. - That ex parte communications—private discussions between Appeals and the originating IRS function about the merits of a case—are strictly prohibited. - Why introducing significant new information at an Appeals conference will result in the case being returned to the examiner for review. - The difference between a Form 866 closing agreement, which settles total tax liability, and a Form 906, which settles only specific issues. - What happens after an impasse is reached at Appeals, leading to the issuance of a Notice of Deficiency and the option to petition the U.S. Tax Court. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep