Getting Rid of Tax Penalties (Currently Unavailable)

Author: Eric L Green

Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2025 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

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. Join expert, Eric Green, as he covers First Time Penalty Abatement, abatement for reasonable cause, and challenging the liability legally. This course will also review strategies for handling abatement from the start of the exam right through documenting reasonable cause.

Publication Date: July 2022

Topics Covered

• Civil Penalty Structure
• Civil Fraud Penalty
• Abatement Strategies
• Preparer Penalties
• Trust Fund Recovery Penalty

Learning Objectives

• Identify the various penalties applied by the IRS
• Recognize ways practitioners could have penalties removed
• Identify a type of preparer penalty that is required to be referred to the OPR
• Describe when to use Form 843
• Recognize which IRC sections relates to preparer/promoter penalties for promoters of abusive tax shelters
• Identify which type of funds withheld from employee's pay the IRC §6672 allows the Internal Revenue Service to recover

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None