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23WA-0216: IRS Penalties and Abatements (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Friday, April 7, 2023
3:00pm - 5:00pm Central Time
2.2 CPE (2.2 technical)  |  2 IRS CE

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 informative and insightful webinar 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.

Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Major subjects

  • Rules on waiver of penalties and interests
  • Various forms and procedures for requesting relief
  • First Time Abatement: Requirements and procedures
  • How an individual taxpayer qualifies for Reasonable Cause abatement
  • Procedures for requesting refund of paid penalties
  • Available administrative options

Learning objective(s)

  • Understand situations where penalties can be imposed.
  • Be able to utilize techniques for preventing or reducing any penalty assessments.
  • Ascertain when the First Time Abatement can be used.
  • 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, tax professionals

Fees

Our records indicate you are a nonmember. If you register, you will be charged $79.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $79.00
checkmark Standard Nonmember Fee $79.00

More program information

Instructor Allison McLeod, LLM, CPA
Location Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (2.2)
Level Basic
Format Group Internet Based
Sponsor Business Professionals' Network, Inc.
NASBA ID#: 107810
Prerequisites Prereq. None
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.