IRS Penalties and Abatements
Date: Monday, July 20, 2026
Instructor: Allison McLeod
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
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 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.
Who Should Attend
This program is ideal for CPAs, tax advisors, enrolled agents, compliance officers, and financial professionals seeking to enhance their knowledge of IRS penalty structures and relief options. It is also recommended for firm leaders and managers responsible for tax compliance and client representation.
Topics Covered
- Various types of penalties:
- Accuracy related
- Fraud
- Understatement of valuation
- Reporting requirement
- Failure to pay
- Pay or deposit penalties
- 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 Objectives
- Understand 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
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
