Getting Rid of Tax Penalties (Completed)

Those late-night commercials make it sound just so easy, but how do you get rid of tax penalties? This program will cover the various penalties applied by the IRS, and the various ways practitioners can seek to have them removed. The program will cover First Time Penalty Abatement, abatement for reasonable cause, and challenging the liability legally. The program will also review strategies for handling abatement from the start of the exam right through documenting reasonable cause.

Topics Covered

• Various penalties applied by the IRS
• Ways practitioners can seek to have them removed
• First Time Penalty Abatement
• Abatement for reasonable cause
• Challenging the liability legally.
• Review strategies for handling abatement from the start of the exam right through documenting reasonable cause

Learning Objectives

• Identify the various penalties applied by the IRS
• Recognize ways practitioners could have penalties removed

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None