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:

• Distinguish the three grounds for an OIC: Doubt as to Collectibility, Doubt as to Liability, and Effective Tax Administration (ETA).

• Understand that Reasonable Collection Potential (RCP) is the key metric for Doubt as to Collectibility offers.

• Recognize that Doubt as to Liability focuses on the legitimacy of the tax debt, not the taxpayer's ability to pay.

• Identify that ETA offers apply when collection in full would cause severe economic hardship, even if the taxpayer could technically pay.

• Recall that taxpayers must be fully compliant with all current filing and payment obligations before an OIC will be considered.

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