(redirected from Reasonable Collection Potential)
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RCPReal Clear Politics
RCPRubbermaid Commercial Products
RCPRich Client Platform (Eclipse)
RCPRoyal College of Physicians
RCPRDA (Radar Data Acquisition) Control Processor
RCPRésumé des Caractéristiques du Produit (French: Summary of Product Characteristics)
RCPRevolutionary Communist Party (political party)
RCPRepresentative Concentration Pathway (pollution)
RCPRespiratory Care Practitioner
RCPRed Científica Peruana (Spanish)
RCPRejestracja Czasu Pracy (Polish: Time and Attendance)
RCPRemote Copy (TCP/IP WinSock command)
RCPResponsabilité Civile Professionnelle (French: Professional Liability)
RCPRadiant Ceiling Panel
RCPReanimación Cardiopulmonar (Spanish: Cardiopulmonary Resuscitation)
RCPRemote Control Panel
RCPRed Cientifica Peruana (Spanish: Peruvian Scientific Network)
RCPReinforced Concrete Pipe
RCPReality Co-Processor
RCPRich Client Program
RCPRemote Copy Command
RCPRich Client Platform
RCPRemote Cellblaster Protocol
RCPReal Colour Processing
RCPRemote Copy Protocol
RCPRemote Control Pro
RCPRoyal College of Psychiatrists
RCPRoute Clearance Patrol (various armed forces)
RCPRemote Copy Protocol (Cisco)
RCPRules of Civil Procedure
RCPRégiment de Chasseurs Parachutistes (French: Airborne Infantry Regiment)
RCPRéunion de Concertation Pluridisciplinaire (French: Multidisciplinary Consultation Meeting; health care)
RCPRegulatory Compliance Partners (Houston, TX)
RCPRoyal Commonwealth Pool (UK)
RCPRadio Control Protocol
RCPReactor Coolant Pump (nuclear power)
RCPReasonable Collection Potential (IRS)
RCPRadiation Control Program
RCPResearch and Commercial Projects (UK)
RCPRapid Crack Propagation
RCPReflected Ceiling Plan (architectural drawings)
RCPRapid Control Prototyping
RCPRedistributed Chip Packaging
RCPRespite Care Program (various organizations)
RCPRafah Crossing Point (Gaza Strip)
RCPReanimation Cardio-Pulmonaire
RCPRadio Clube Portugues
RCPRight Circular Polarizer
RCPRetail and Consumer Product (industry sector)
RCPRetention Control Point
RCPRegional Contingency Plan
RCPReality Co-Processor (Nintendo 64)
RCPRemote Control Program
RCPRecuperative Care Program (various locations)
RCPRock Creek Park (Washington)
RCPReceivable Conversion Period (accounting)
RCPRight Circular Polarization
RCPRate Control Protocol
RCPRestore Cursor Position
RCPRadon Contractor Proficiency
RCPRules of Criminal Procedure
RCPRobot Control Processor
RCPRelative Cost Position
RCPRapid Chloride Permeability (concrete)
RCPRight-Hand Circular Polarization
RCPRelative Caregiver Program
RCPRegional Collection Plan (Association of Zoos & Aquariums)
RCPReacción en Cadena de Polimerasa (Spanish: Polymerase Chain Reaction)
RCPRadio Control Panel
RCPRoute Clearance Package
RCPRadio Club Paraguayo (Portugese)
RCPRecycling Control Point
RCPRequired Communications Performance
RCPRehabilitation Counseling Program
RCPRear Cockpit
RCPResearch Centers Program
RCPRefuse Collection Point (Hong Kong)
RCPResin Coated Proppant
RCPRetruded Contact Position (orthodontics)
RCPRob Chandler Photography (Thunder Bay, Ontario, Canada)
RCPRush City Public (Rush City, MN)
RCPRetrocochlear Pathology
RCPRallye Club Perg (Austria)
RCPRadar Control Panel
RCPRouting Core Platform (Alcatel)
RCPRadio Control Point (GSM)
RCPRemote Communications Processor (IBM)
RCPRelevant Common Picture
RCPRestoration Control Point (ITU-T)
RCPRural Community Phones
RCPRaised Cosine Pulse
RCPRear Command Post
RCPRoute-set test Cluster Prohibited
RCPRecognition and Control Processor
RCPRegion Oil and Hazardous Pollution Contingency Plan
RCPRamon C Purcell Photography (San Diego, CA)
RCPReacção em Cadeia da Polimerase (Portugese: Polymerase Chain Reaction)
RCPRobust Communications Protocol
RCPRaster Color Printer
RCPResearch, Development and Testing Consolidation Panel
RCPRadar Communication Processor
RCPRouting Control Point
RCPReception Center Processing
RCPRequest for Contractual Procurement/Proposal
RCPReceiver Combiner Peripheral
RCPREU Control Processor
RCPRelative Color Principle
RCPRelevant Condition Predictor (condition-based maintenance)
RCPRecording Control Panel
RCPReinvented Complaint Process (EEOC)
RCPRecursive Correlation Partitioning
RCPRhombohedral Close Packing
RCPReturns Compliance Processing/Program
RCPReseau de Courtiers Proteck
RCPRegenerative Cell Proliferation
RCPRespuesta Completa Patologica (Spanish: Complete Response Pathological)
RCPRugby Club Pondinois (French rugby club)
RCPRugby Club de Paris (French rugby club)
RCPRhine Capital Partners (Switzerland)
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References in periodicals archive ?
The goal is to determine what is commonly referred to as the reasonable collection potential (RCP), that is, the amount the IRS could reasonably expect to collect through litigation considering the uncertainties of the process (Revenue Procedure 2003-71, section 4.02(2), 2003-2 CB 517).
Appeals cannot revise the value of an asset to an amount higher than determined by Collection, unless the taxpayer voluntarily provides new information to Appeals, and may only correct errors in determining reasonable collection potential that are strictly computational in nature.
This is known as establishing the taxpayer's reasonable collection potential (RCP).
But for the failed investments, the taxpayer's reasonable collection potential exceeded his outstanding tax liabilities, and the court held that the settlement officer did not err in determining that the taxpayer could fully pay his federal income tax liabilities.
The OIC program is a mechanism whereby a taxpayer can present financial information to demonstrate his or her "reasonable collection potential." Once the IRS verifies the financial information submitted by the taxpayer, the IRS may agree that it is in the government's best interest to accept less than what is owed if the amount offered is more than the IRS determines it would otherwise ever collect.
This amount is the reasonable collection potential of a case.
Monthly payments for delinquent state and local taxes are now allowed in determining reasonable collection potential. However, the amount of these delinquent taxes that is permitted is a ratio of taxes owed (including penalties and interest) to the state and the IRS.
Nevertheless, DATC offers can receive DATC with Special Circumstances ("DCSC") consideration when a taxpayer has proven special circumstances to warrant acceptance for less than his or her reasonable collection potential. As a practical matter, most IRS offer specialists overlook ETA offers and instead consider them only under DCSC.
This is known as establishing the taxpayer's reasonable collection potential (RCP), which is how the IRS measures a taxpayer's ability to pay and includes the value that can be realized from the taxpayer's assets.
As an example, neither mediation nor arbitration is available for cases in which the taxpayer has the ability to pay in full based on the unadjusted financial information submitted by the taxpayer, or where the taxpayer has declined to amend or increase the offer without stating any specific disagreement with the valuations or methodology used by Appeals in determining reasonable collection potential.
In calculating Tucker's reasonable collection potential for purposes of evaluating his OIC, Appeals considered his day trading to constitute asset dissipation.
The minimum offer amount that the IRS will accept, except in certain special circumstances, is based on the taxpayer's reasonable collection potential (RCP).
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