OIC Tax Planner

OIC Tax Planner is tax resolution software developed by iConcepts, Inc. This software is designed to handle various IRS collection cases, including Offer in Compromise, Installment Agreement, Currently Non-Collectible, Spousal Defense, and CDP. According to the vendor, OIC Tax Planner is intended for small to medium-sized companies and is commonly used by tax professionals, accountants, enrolled agents, tax resolution specialists, and law firms specializing in tax law.

Key Features

Automatic updates for Forms and IRS Collection Standards: OIC Tax Planner provides automatic updates for forms and IRS collection standards whenever revisions are made by the IRS. This feature ensures that users have access to the most up-to-date forms and guidelines.

Enhanced flow of information between the forms: The OIC Tax Planner features an updated and improved flow of information between the forms. Users can enter data once, and it will automatically populate appropriate schedules, forms, and overflow sheets, generating ready-to-submit forms.

Automatic attachments for overflow assets and other lists: The software automatically adds attachments for overflow assets and other lists that exceed the space available on the IRS form. This ensures that all relevant information is included and properly organized when printing the forms.

Accurate automatic calculations: OIC Tax Planner performs automatic calculations based on IRS guidelines, minimizing the risk of calculation errors and ensuring accuracy in form fields.

Wizards for expense standards and OIC offer calculations: The software provides wizards to assist users in populating allowable expense fields based on IRS instructions and current local standards. It also helps in breaking down the OIC offer amounts and selecting the most suitable terms on Form 656.

Quick qualification test: OIC Tax Planner includes a Quick Test module that allows practitioners to assess client eligibility before completing the time-consuming Forms 433A (OIC) and 433B (OIC).

Convenient paid preparer list: The software enables users to create a list of tax professionals in their practice, which can be easily populated on forms with a single click. This saves time and eliminates the need for repetitive typing.

Data backup and export: OIC Tax Planner offers integrated features for backing up and restoring client databases. Users can also export and import data for specific clients, providing flexibility and security in managing client information.

Efficient management of multiple clients and businesses: The software allows users to efficiently manage forms and data for multiple clients, businesses, and cases throughout the entire resolution process.

Network editions for collaborative work: OIC Tax Planner offers network editions for office environments with multiple workstations. This allows users to share and access client data across a Windows network, facilitating collaboration and increasing efficiency.