IRS Penalties and Abatements
Valid for one year from purchase date
Self-study - On-Demand
2 CPE (2 technical)
Course code: 26SX-0050
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If your organization is exempt
from sales tax, call us at 952-831-2707 to complete your purchase.
Add to cart
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Penalty abatement is a technique that tax practitioners can utilize to help their clients reduce penalties and interest they owe to the IRS if the taxpayer can prove "reasonable cause". This course will provide you with some insider tips, practical steps and effective strategies to help your client manage IRS tax penalties and interest. Learn about various types of penalties that you may face, and the various forms and procedures used for requesting penalty and interest abatement, including First Time and Reasonable Cause abatement. Plus, learn about the procedure to follow when requesting refund of paid penalties.
Major subjects
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Various types of penalties: Accuracy related, fraud, understatement of valuation, reporting requirement, failure to pay, and pay or deposit penalties.
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Rules on waiver of penalties and interests.
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Various forms and procedures for requesting relief.
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First Time Abatement: Requirements and procedures.
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How an individual taxpayer qualifies for Reasonable Cause abatement.
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Procedures for requesting refund of paid penalties.
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Available administrative options.
Learning objectives
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Identify situations where penalties can be imposed.
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Utilize techniques for preventing or reducing any penalty assessments.
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Ascertain when the First Time Abatement can be used.
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Obtain a working knowledge of the procedure governing the request for refund.
Who should take this program?
- CPAs, Enrolled Agents, attorneys, finance professionals, financial planners and tax professionals.
Pricing
|
Standard Member Fee |
$58.00
|
 Standard Nonmember Fee |
$58.00
|
Our records indicate
you are a
nonmember.
If you register, you will be charged
$58.00
(Standard Nonmember Fee).
Members: Please
log in
to receive member fee.
If your organization is exempt
from sales tax, call us at 952-831-2707 to complete your purchase.
Add to cart
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (2.0)
Level
Intermediate
Format
Self-study - On-Demand
Sponsor
NASBA ID#: 108744
Prerequisites
Prereq.
None
Advance
prep
None
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