ODX02526: IRS Penalties and Abatements
Description
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.
Objective
* Identify situations where penalties can be imposed * 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
Advanced Preparation
None
Required Knowledge
None
Who Should Attend
CPAs, Enrolled agents, Attorneys, Finance professionals, Financial planners, Tax Professionals
- On Demand
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.