IRS Practice Series: Computing or Recalculating IRS Assessments For Interest & Penalties (Completed)

Date: Tuesday, July 17, 2018
Instructor: Eva Rosenberg
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

This course will help you understand how IRS computes their penalties and interest. You will be introduced to tools that will help you with the computations. You will also learn how to get penalties and/or interest reduced.

Who Should Attend
Any proactive, current or prospective, Circular 230 practitioner that understands the IRS is ramping up the "close the tax gap". Tax practitioners who want to protect their existing clients from IRS' predatory collections action and grow their business into this rapidly expanding market.

Topics Covered

  • Interest and penalty code sections
  • Where to find current interest and penalty rates
  • Tips to get penalties abated or reduced
  • Identifying reliable computation software

Learning Objectives

  • Recognize and implement methods for reducing penalties and interest on assessed tax balances


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic knowledge in interests and penalties.

Advance Preparation

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