Getting Rid of Penalties
Author: Susan Harper
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2027 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Delve into the IRS’s Penalty Handbook with Susan Harper, Certified Fraud Examiner, and former IRS Internal Revenue Agent of 34 years to help you understand the distinct types of penalties and their impact on voluntary compliance. With more than 20 years of instructing CPE courses, Susan will deliver an entertaining and informative discussion to explain how to calculate, pay, remove/reduce, dispute, and avoid penalties. Throughout the course, she will share interesting penalty scenarios.
Publication Date: December 2024
Topics Covered
- Getting Rid of Penalties
- Publication 5869 10-2023
- Tax Gap Projections for Tax Year 2021
- Tax Gap Projections for Tax Years 2020 and 2021
- Penalties
Learning Objectives
- Identify the Tax Gap rates
- Identify the impact of penalties on voluntary compliance
- Identify the distinct types of penalties and how to calculate, pay, remove/reduce, dispute, avoid
- Identify how to reference IRM 20.1.1 Penalty Handbook
- Identify the net compliance rate based on referenced Publication 5869 10-2023
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
